Equity MF net inflows hit Rs 1L crore

(MFs) have attracted net inflows of over Rs 1 lakh crore or about $16.5 billion in the last 15 months with nearly a third of the money flowing into schemes in the past three months alone. 

Net inflows in equity MFs (including equity-linked savings schemes) stood at Rs 1,03,962 crore in the last 15 months, which is higher than inflows received over a 12-year time-frame stretching between January 2002 and April 2014. Despite the recent bout of volatility in the stock markets, investors continue to chase equity. Equity MF attracted net investments to the tune of nearly $2 billion in June. Net inflows (higher purchase in schemes than sales) into equity funds came at 12,273 crore for June, the second highest ever, data with the Association of Mutual Funds in India (AMFI) showed Indian stock market astrology prediction

Inflows for April-June are more than four times the amount equity schemes got in the same period last year, AMFI data showed. Purchases made with these investor inflows by funds helped counter net sales of 1,170 crore during the period by foreign funds, which are a bigger constituent of the market than MFs. 

The benchmark BSE Sensex, this year's worst performer among benchmark indexes in the four largest emerging markets, dropped 0.6% in the three months ended June 30. Overseas investors have stake in excess of a little over 25% in companies on the BSE-200 index as of March 31, while the ownership of MFs and insurers was less than 10% Share Market Astrology

"Investors still have the conviction that markets will do well in the long term," says Himanshu Vyapak, deputy CEO, Reliance Capital Asset Management. "Alternate asset classes such as real estate and gold are not doing well. Investors believe that equities are poised to grow in the next 3-5 years," he says. 

"Investors are using the dips (in the market) to buy into equities. Retail investors are back as other asset classes have not performed well," says Raghav Iyengar, executive vice president, ICICI Prudential MF. Folios or investor accounts with equity schemes increased by 3.09 lakh to around 3.28 crore during June, SEBI data showed Himanshu Tiwari Astrologer

Investor interest in equity schemes is at its strongest level since the bull run of 2007-08. This has prompted fund houses to increase their deployments in shares significantly. Deployments made by fund houses in stocks zoomed to 10,325.5 crore or $1.64 billion in June, the highest since the post-election market rally began last year. 

Fund houses made net investments (higher purchase of shares than sales) of about $3.8 billion or 23,745.5 crore for April-June, data with market regulator Sebi showed Financial Astrology