Investors stay off equity funds in October

Our Markets Bureau

New Delhi, Nov 27: Inflow into equity funds touched a nadir in October as 112 schemes could attract a paltry Rs 95 crore, compared to Rs 179 crore from 111 funds in September.

These growth schemes saw a net outflow of Rs 89 crore during the period, compared with a net inflow of Rs 58 crore in September.
Meanwhile, redemptions have jumped by 52 per cent to Rs 184 crore in October from Rs 121 crore in the previous month, which reflects investors’ apathy towards equity schemes.

Equity-related funds as a whole, including diversified, balanced and tax saving schemes together have attracted an inflow of only Rs 113 crore during the month, according to the figures of the Association of Mutual Funds in India (Amfi). In September, the combined inflow was Rs 186 crore.

Total redemptions in these schemes galloped to Rs 324 crore during the period, compared to Rs 282 crore in September.

Notwithstanding the depressed net asset values, balanced schemes continue to attract heavy redemptions.

Investors have pulled out Rs 131 crore from these schemes in October, compared to Rs 148 crore in the previous month.