equity: Equity funds report 35th consecutive month of net inflows

Mumbai: Investors continued to buy equity mutual funds adding ₹21,781 crore in January, making this the 35th month of consecutive net inflows. These inflows climbed 28% from ₹16,997 crore in December.

Contributions through systematic investment plans (SIP) surged to a record high of ₹18,838 crore in January higher by ₹1,228 crore than December’s ₹17,610 crore.

Strong corporate results, bright economic outlook for India, expectations of political continuity and likely cut in interest rates in the second half of the year, drove investors to equity mutual funds, taking total assets under management to ₹52.59 lakh crore from ₹50.81 lakh crore in the previous month.

“Investor sentiment remained bullish, supported by the market’s persistent strength. Market sentiment leading up to the general election remains positive,” says Akhil Chaturvedi, chief business officer at Motilal Oswal Mutual Fund.
Debt funds saw inflows of Rs 76,469 crore, as investors put in money in January, being the first month of the quarter.Within equities, all categories barring focused funds received positive flows during the month. Thematic/sectoral fund and small cap funds saw highest inflows, followed by multicap and flexi cap funds.

 
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