Categories: Business

Equity mutual fund inflow drops 62 percent in June Quarter


Mutual fund investment in equity fall

new Delhi. Investors invested Rs 11,710 crore in equity mutual funds during the quarter ended June. This is 62 percent lower than the March quarter. This decline in investment in equity mutual funds is due to market volatility and uncertain economic environment due to Corona virus epidemic. According to data from the Association of Mutual Funds of India, this increased the asset base of equity mutual funds to Rs 5.78 lakh crore at the end of the June quarter. As per the data, investment in equity and equity-linked schemes stood at Rs 11,710 crore for the quarter ended June. It was Rs 30,703 crore in the January-March quarter. They had an investment of Rs 17,670 crore in the April-June quarter 2019.

Industry experts said the decline in net inflows during the quarter in equity funds was due to market volatility and uncertain economic environment due to the Kovid-19 epidemic. Out of the investment of Rs 11,710 crore in the quarter of June 2020, the schemes in April saw an investment of Rs 6,213 crore, in May, Rs 5,256 crore and in June it was Rs 240.55 crore. June investment was the lowest in the last four years. Himanshu Srivastava, Associate Director (Manager Research), Morningstar India, said that the reason for the low investment in equity related schemes could be profit-booking by investors in large companies, given the market boom in recent times. In March quarter, investment of Rs 25,686 crore came through Systematic Investment Plans (SIP). It declined to Rs 24,416 crore in the June quarter.

This post was published on July 18, 2020 3:10 am

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