scorecardresearchInflows to equity mutual funds jumps for third straight month in Feb, shows

Inflows to equity mutual funds jumps for third straight month in Feb, shows AMFI data

Updated: 11 Mar 2023, 10:16 AM IST

Contribution to equity mutual funds was highest in the past nine months. Also, a total of 27 new mutual fund schemes were launched, raising a total of 7,187 crore in Feb.

Equity inflows to mutual funds was highest in the past nine months

Equity inflows to mutual funds was highest in the past nine months

Total contribution to equity mutual funds witnessed a total inflow of 15,685 crore, a jump of 25 percent against the corresponding figure in January. This is also the highest contribution in the past nine months, shows the AMFI (Association of Mutual Funds in India) data.

It is noteworthy that the equity contribution to mutual funds has been on an increase for the past three months.

“Equity and hybrid funds witnessed a positive trend in February with equity funds seeing a net inflow of 15,685.57 crore, reflecting investors’ confidence in the growth potential of the Indian economy. A continued positive trend in equity inflows is expected due to steps announced in the Budget and a robust economy. Retail investors also continue to show their faith in SIP,” says NS Venkatesh. Chief Executive of AMFI.

Month            Equity contribution ( crore)
Feb, 23              15,685
Jan, 23              12,546
Dec, 22              7,303
Nov, 22               2,258
Oct, 22                9,390

(Source: AMFI)

As we can see in the table above, equity contribution during the three preceding months (Jan, Dec and Nov) stood at 12,546 crore, 7,303 crore and 2,258 crore, respectively.

Jump in SIPs

Besides, the number of mutual fund folios reached an all-time high of 144,250,756 in February 2023, while the number of systematic investment plans (SIPs) jumped to 62,826,035, higher than 62,162,694 in the previous month, according to data released by Amfi.

New fund launches

A total of 27 new fund offers (NFOs) for mutual fund schemes were launched during the month of February. Out of these, there were 21 open-ended schemes and six close-ended ones.

Among open-ended schemes, the maximum number of schemes i.e., 11 were launched in the index fund category.

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There were three ETFs that were launched, two flexi caps and as many sectoral funds. Besides these, one gold ETF, one multi cap and one dynamic asset allocation fund were also launched in the month of February.

Collectively, all these schemes raised 7,187 crore out of which 6,233 crore were raised via open-ended schemes, and the remaining 954 crore from close-ended schemes.

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First Published: 11 Mar 2023, 10:16 AM IST