Investors continue to bet on equity mutual funds

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Updated: June 14, 2016 6:42:54 AM

Investors continue to favour equity mutual funds as they invested R4,721 crore in May as compared with R4,438 crore invested in April.

Investors continue to favour equity mutual funds as they invested R4,721 crore in May as compared with R4,438 crore invested in April. In fact, the outflow of R1,370 crore in March was but a blip for a category that has posted monthly inflows since May 2014. The equity market, represented by the Nifty 50 index, rose nearly 4% in May as sentiment improved on hopes that a good monsoon will boost the economy.

On the other hand, liquid funds reported the largest outflow in nine months of R69,399 crore in May. Even gold exchange traded funds which have seen persistent outflows over the past three years reported an outflow of R79 crore in May.

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