MF equity inflows remain strong on back of robust NFOs

Inflows into equity mutual fund schemes increased 14 per cent last month to ₹41,156 crore against ₹35,943 crore logged in November largely due to the new fund offers (NFOs).

The industry collected ₹11,402 crore through 13 equity NFOs while the overall NFO inflow was at ₹13,852 crore.

Interestingly, thematic funds registered a highest inflow of ₹15,332 crore as 12 thematic NFOs collected ₹11,337 crore last month.

  • Also read: Markets extend losses as banking, financial stocks drag indices lower 

Mid and flexi cap funds recording inflows of ₹5,093 crore (₹4,883 crore) and ₹4,731 crore (₹5,084 crore). Despite the steady inflows, the overall equity asset under management remained flat at ₹30.57 lakh crore (₹30.35 lakh crore) due to mark-to-market loss.

The benchmark Sensex and Nifty were down two per cent each last month at 78,139 points and 23644 points against 79,802 points and 24,131 points in November.

Inflows through Systematic Investment Plan jumped to ₹26,459 crore (₹25,320 crore).

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