Investors pumped in Rs 1.35 lakh crore into various mutual fund (MF) schemes in October, with ‘liquid’ segment contributing the most to the inflow.
It follows an outflow of over Rs 77,000 crore into mutual fund products in the preceding month. It was the highest outflow in a single month since March, when the industry had seen a withdrawal to the tune of Rs 1,09,897 crore.
According to data from the Association of Mutual Funds in India (Amfi), investors have poured in a net of Rs 1,34,564 crore in MF schemes last month.
With this, the total net inflow in MF schemes has crossed over Rs 2.15 lakh crore in the April-October period of the current fiscal, 2015-16. In comparison, mutual funds had witnessed an outflow of Rs 1.55 lakh crore in the year-ago period.
The latest inflow has been mainly driven by contribution from liquid funds and money market funds. Besides, investors continued to maintained bullish stance on the equity schemes.
Liquid or money market fund category witnessed Rs 1.03 lakh crore being poured in last month, income funds too saw net inflows of Rs 22,875 crore. However, equity and equity linked schemes saw an inflow of Rs 6,269 crore.
Liquid and money market funds invest mainly in money market instruments like commercial papers, treasury bills, term deposits and certificate of deposits. These funds have a lower maturity period and do not have any lock-in period.
The asset base of the country’s 43 fund houses increased to an all time high of Rs 13.24 lakh crore last month from Rs 11.87 lakh crore in September.