Equity mutual fund inflows rise 8% MoM to Rs 25,978 crore in February: AMFI data
Equity mutual fund inflows rise 8% MoM to Rs 25,978 crore in February: AMFI data
Equity mutual fund inflows rose to Rs 25,978 crore in February, up about 8 percent from Rs 24,029 crore in January, according to monthly data released by the Association of Mutual Funds in India (AMFI). The increase suggests continued investor participation in equity schemes despite bouts of market volatility during the month.
The mutual fund industry as a whole recorded net inflows of Rs 94,543 crore in February, lower than Rs 1.56 lakh crore in January, reflecting moderation in flows across several categories after the strong rebound seen in the previous month. Even so, the industry continued to remain in net positive territory, indicating sustained investor interest in mutual fund investments.
Debt mutual funds saw net inflows of Rs 42,106 crore, sharply lower than the Rs 74,827 crore recorded in January. The category, however, remained in positive territory after witnessing a strong recovery last month following heavy outflows in December. The February data suggests that investors continued to allocate to fixed income funds, although the pace of inflows moderated.
Among other segments, hybrid schemes attracted Rs 11,983 crore, down from Rs 17,356 crore in January. Meanwhile, ‘other schemes’, including ETFs, recorded inflows of Rs 13,879 crore, significantly lower than the Rs 39,955 crore seen a month earlier.
Equity mutual funds inflows are still high, and this is the reason why DIIs are pumping money when FIIs are selling on regular basis.
Domestic demand stocks are to be kept on radar.
We like banking as a good sector for next 2-5 years. Stock on radar -