INSUBCONTINENT EXCLUSIVE:
MUMBAI: Flows into equity and balanced fund schemes slowed down in June compared to the previous two months as the decline in the stock
market deterred investors from putting fresh lumpsum money into these products
Equity schemes saw inflows of Rs 8,794 crore in June compared to Rs 10,724 crore and Rs 10,444 crore in April and May, respectively
chief executive officer, Aditya Birla SL Mutual Fund.
Worries about a weakening macro economy, rising oil prices and interest rates, state
and general elections over the next one year have made investors turn cautious on equities.
The industry saw net inflows of Rs 46,475 crore
Among fixed income funds, money continued to flow out from income funds, as bond yields continued to rise and investors moved to short-term
funds and fixed maturity plans
Fund industry officials said the firming up of interest rates has prompted investors to opt for shorter-term debt products
Venkatesh, chief executive officer, AMFI.
Venkatesh expects the industry to see strong inflows from retail investors through SIPs despite
the volatility in the markets.
