New Delhi:
Equity funds attracted a net amount of Rs 19,705 crore in February, making it the 12th consecutive monthly net inflow amid a highly volatile stock market environment and ongoing FPI sales.
By comparison, equity mutual funds saw net inflows of Rs 14,888 crore in January and Rs 25,077 crore in December, data from the Association of Mutual Funds in India (Amfi) showed on Wednesday.
Equity schemes have witnessed net inflows since March 2021 and the segment has received net inflows of over Rs 1 lakh crore during this period highlighting the positive sentiment among investors.
Before that, such schemes had consistently witnessed outflows for eight months from July 2020 to February 2021, losing Rs 46,791 crore.
Overall, the mutual fund industry recorded a net inflow of Rs 31,533 crore in the month of February, compared to a net inflow of Rs 35,252 crore in the previous month.
The sector’s assets under management (AUM) declined slightly to Rs 37.56 lakh crore at the end of February, from Rs 38.01 lakh crore at the end of January.
Within the equity segment, all categories saw net inflows. While the flexi cap funds category saw the highest net inflow of Rs 3,873 crore followed by thematic funds of Rs 3,441 crore during the reporting period.
The debt segment saw a net drawdown of Rs 8,274 crore last month after witnessing a net inflow of Rs 5,088 crore in January.