Mutual funds seeing higher inflows in equity funds: AMFI

PTI Posted online: Saturday, Feb 01, 2014 at 0000 hrs
Kolkata : The country's mutual fund industry has began witnessing more inflows in equity funds in the past 2-3 months.

"In the last two-three months, equity funds are attracting more money. Hopefully, this trend will continue," Association of Mutual Funds in India (AMFI) deputy chief executive V Ramesh said here during an ICC Mutual Fund Summit.

Net inflows into equity funds stood at Rs 927 crore in November 2013 and rose to Rs 1,059 crore in December, 2013, officials said.

Ramesh said during the last two years, debt funds had seen a greater inflow from retail investors and in the last two to three months equity products also attracted a lot of inflows.

The industry sees the recent poor performance of gold and real estate as asset classes acting as triggers that would have encouraged investors to look at equities of late.

On debt mutual funds, Ramesh said the process of standardisation of valuing debt products had started.

Earlier, every fund house was independently valuing debt funds which they had invested in. However, now the industry has started implementing a standard practice for doing the same.