New Delhi: Capital inflows into equity mutual fund schemes rose to Rs 10,730 crore in February. This is the highest level in 11 months.
This is the situation when the stock markets have registered a huge fall amid concern about the effect of corona virus. In total, there was a net withdrawal of Rs 1,985 crore from the mutual fund industry. The withdrawal came from various schemes, including short-term (liquid funds). Compared to this, there was a capital inflow of Rs 1.2 lakh crore in January.
According to data released on Wednesday by the Association of Mutual Funds in India (AMFI), net investment in equity and equity-related schemes rose to Rs 10,760 crore in February from Rs 7,547 crore in January. This is the highest since March 2019. At that time there was a capital investment of Rs 11,756 crore in equity schemes. This capital was invested in schemes consisting of shares of large companies, medium companies, small companies and various companies (large, medium and small) companies.
According to the data, Rs 1,607 crore, Rs 1,451 crore and Rs 1,498 crore were invested in the funds of big companies, medium companies and small companies in the month under review. Apart from this, a gold ETF of Rs 1,483 crore was poured in February, which is the highest ever. Gold ETFs were invested in the stock markets amid selling. The assets under management of 42 companies operating in mutual funds declined 2.3 per cent to Rs 27.23 lakh crore in February, from Rs 27.86 lakh crore in January.
