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Investor interest in equity seems to be picking up with February witnessing a net outflow of ₹152 crore from income funds and a net inflow of ₹5,217 crore into equity funds. This is a dramatic change from the net inflows of ₹12,163 crore into income funds and ₹5,850 crore into equity funds in January.
The benchmark BSE Sensex index rose only 0.33 per cent during the month, although it hit a peak of 29,462 mid-month.
Total assets under management rose a marginal 1.7 per cent to ₹12.02 lakh crore at the end of February from ₹11.81 lakh crore in January, according to data released by the Association of Mutual Funds in India.
Other fund classes facing net redemptions continued to be gold ETFs (₹74 crore) and overseas investments through fund of funds (₹78 crore).
Inflows, however, were still higher into debt funds than equity. Income funds made sales worth ₹40,514 crore in February while total inflow into equity stood at ₹11,288 crore. Balanced funds – a mix of debt and equity – sold units worth ₹1,724 crore during the month.
February saw 25 new income schemes being launched and seven in equity.
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