Equity mutual funds inflows hit 9-month high at Rs 15,685 crore in Feb
Equity mutual funds attracted Rs 15,685 crore in February, making it the highest net infusion in nine months despite significant volatility in the stock markets.
This is higher than Rs 12,546 crore inflow seen in January and Rs 7,303 crore reported in December.
February also saw the 24th straight month of inflows into equity-oriented mutual fund schemes, data with the Association of Mutual Funds in India (Amfi) showed on Friday.
Backed by healthy inflow into equity funds, the mutual fund industry saw an inflow of Rs 9,575 crore in February.
As per the data, the total net flows in equity schemes stood at Rs 15,685 crore. This was the highest level since May 2022, when equity funds attracted Rs 18,529 crore.
Investors continue to invest in a disciplined manner, countering the volatility in stock markets arising out of Foreign Portfolio Investor (FPI) outflows, Gopal Kavalireddi, Head of Research at FYERS, said.
Moreover, contribution from SIP (Systematic Investment Plan) has been .