• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai May 15 About Rs 7,380 crore has flown back into liquid funds in April as per data given out by the Association of Mutual Funds in India.

This category of mutual funds had witnessed hefty redemptions in March as corporates withdrew money to pay taxes. In March, net outflows from liquid funds was Rs 50,924 crore. Liquid funds invest in short-term debt.

In April, income, equity and ELSS schemes have seen lower inflows as compared to March.

Net inflow into income funds stood at Rs 6,637 crore (Rs 21,667 crore). Inflows into equity funds were lesser owing to volatile stock markets.

New fund offers

"April also saw a lot of new fund offers attracting investors as against existing funds. This may have contributed to lesser inflows apart from the volatility in the markets," said a fund manager.

Inflows into equity funds were Rs 141 crore (Rs 2,354 crore). ELSS schemes always see inflows in January-March and September - December quarters, said a fund manager. The net inflows in April were Rs 249 crore (Rs 1,618 crore).

Gold ETFs saw higher inflows at Rs 136 crore (Rs 96 crore). The only category that faced redemptions were gilt funds with net outflows of Rs 114 crore.

More Stories on : Mutual Funds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Good response to GVK Power's placement issue

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line