Equity mutual funds net inflows top record $9 billion in 7 months

Volatile markets haven't dampened the spirits of investors who continue to pour money into equity funds. Equity mutual funds (MFs) have seen net inflows of $9.2 billion so far in 2015-16 (till October), making it the highest level of net buying on record over a seven month period.



Net inflows into equity funds (including ELSS or equity-linked savings schemes) stood at Rs 59,935 crore during April-October, a 55 per cent increase compared to the same period the previous year, data with the Association of Mutual Funds in India (AMFI) showed. Incidentally, 2014-15 was a record year as well with net inflows into equity MFs (including ELSS) coming at Rs 71,029 crore or about $10.9 billion. Net inflows (higher purchase in schemes than sales by investors) so far in 2015-16 accounts for 84 per cent of the total achieved in 2014-15. The trend of positive inflows into equity MFs extended further in October with Rs 6,269 crore (about $964 million) being pumped into the equity schemes by investors during the month, AMFI data showed.