<p class="title">Equity mutual funds witnessed a net inflow of around Rs 6,489 crore in September, the lowest in the last four months, due to profit-booking by investors after a rally in markets following a reduction in corporate tax.</p>.<p class="bodytext">According to data by the Association of Mutual Funds in India (Amfi), open-ended equity schemes witnessed an infusion of Rs 6,609 crore, while there was an outflow of Rs 120 crore from close-ended equity plans, translating into a net equity inflow of Rs 6,489 crore in September.</p>.<p class="bodytext">In comparison, net inflows in equity and equity-linked saving schemes stood at Rs 9,090 crore in August.</p>.<p class="bodytext">Such inflows stood at Rs 8,092 crore in July, Rs 7,585 crore in June and Rs 4,968 crore in May.</p>.<p class="bodytext">"Investors continue to invest into equity funds through SIPs while lumpsum flows remain a mixed bag. There was some profit-booking by investors after the market rally post the corporate tax reduction announcement," said Kaustubh Belapurkar, Director - Manager Research at Morningstar Investment Adviser India.</p>.<p class="bodytext">"Investors will look for cues for a broad-based economic recovery before making larger allocation towards equities," he added.</p>.<p class="bodytext">Despite the decline in inflows, the asset base of equity mutual funds increased to Rs 7.57 lakh crore in September from Rs 7.16 lakh crore in the preceding month.</p>.<p class="bodytext">Overall, mutual fund schemes witnessed a redemption of Rs 1.52 lakh crore last month as compared to an inflow of Rs 1.02 lakh crore in August. The massive redemptions could be attributed to debt-oriented schemes, which saw an outflow of Rs 1.58 lakh crore.</p>.<p class="bodytext">Among debt-oriented schemes, liquid funds -- with investments in cash assets such as treasury bills, certificates of deposit and commercial paper for shorter horizon --- saw an outflow of Rs 1.41 lakh crore.</p>.<p class="bodytext">Besides, gold exchange-traded funds witnessed an infusion of Rs 44 crore against an inflow of Rs 145 crore in August.</p>.<p class="bodytext">The outflow has pulled down the asset base of the MF industry, comprising 44 players, by 4 per cent to Rs 24.51 lakh crore in September-end from Rs 25.47 lakh crore at end-August.</p>
<p class="title">Equity mutual funds witnessed a net inflow of around Rs 6,489 crore in September, the lowest in the last four months, due to profit-booking by investors after a rally in markets following a reduction in corporate tax.</p>.<p class="bodytext">According to data by the Association of Mutual Funds in India (Amfi), open-ended equity schemes witnessed an infusion of Rs 6,609 crore, while there was an outflow of Rs 120 crore from close-ended equity plans, translating into a net equity inflow of Rs 6,489 crore in September.</p>.<p class="bodytext">In comparison, net inflows in equity and equity-linked saving schemes stood at Rs 9,090 crore in August.</p>.<p class="bodytext">Such inflows stood at Rs 8,092 crore in July, Rs 7,585 crore in June and Rs 4,968 crore in May.</p>.<p class="bodytext">"Investors continue to invest into equity funds through SIPs while lumpsum flows remain a mixed bag. There was some profit-booking by investors after the market rally post the corporate tax reduction announcement," said Kaustubh Belapurkar, Director - Manager Research at Morningstar Investment Adviser India.</p>.<p class="bodytext">"Investors will look for cues for a broad-based economic recovery before making larger allocation towards equities," he added.</p>.<p class="bodytext">Despite the decline in inflows, the asset base of equity mutual funds increased to Rs 7.57 lakh crore in September from Rs 7.16 lakh crore in the preceding month.</p>.<p class="bodytext">Overall, mutual fund schemes witnessed a redemption of Rs 1.52 lakh crore last month as compared to an inflow of Rs 1.02 lakh crore in August. The massive redemptions could be attributed to debt-oriented schemes, which saw an outflow of Rs 1.58 lakh crore.</p>.<p class="bodytext">Among debt-oriented schemes, liquid funds -- with investments in cash assets such as treasury bills, certificates of deposit and commercial paper for shorter horizon --- saw an outflow of Rs 1.41 lakh crore.</p>.<p class="bodytext">Besides, gold exchange-traded funds witnessed an infusion of Rs 44 crore against an inflow of Rs 145 crore in August.</p>.<p class="bodytext">The outflow has pulled down the asset base of the MF industry, comprising 44 players, by 4 per cent to Rs 24.51 lakh crore in September-end from Rs 25.47 lakh crore at end-August.</p>