FY13 ends on a positive note as net inflows were positive
In March, equity mutual funds, including ELSS, recorded net inflows of Rs 768 crore, after seeing continuous monthly outflows since May 2012, according to the latest data with the Association of Mutual Funds in India. Backed by strong gross sales, the equity segment, largely avoided by investors, managed to end in the positive territory for the month.
Equity sales stood at Rs 4,468 crore, a rise of 20 per cent compared with Rs 3,713 crore in February.
“Unless there is stability in the markets, attracting retail money into equities looks difficult. To draw investors, a strong bull run is the need of the hour. Else, the situation may worsen from here on,” said a sales official at a mid-sized fund house.
Large- and mid-cap equity schemes returned an average of 4.5 per cent in the year ended April 9, compared with the Sensex’s 5.8 per cent returns.
|Table : Showing net inflows in equity MFs* during FY13|
|Months||Net inflows (Rs crore)|
Source : Association of Mutual Funds in India (Amfi)