Moderating sales, valuations concerns pull down mutual fund deployment

Moderating sales, valuation concerns pull down deployment; net inflows from domestic equity funds at Rs 2,980 cr since April

mutual funds

Abhishek Kumar Mumbai

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Shrinking inflows and surging outflows on account of profit-booking has curtailed mutual fund (MF) investments in equities since April. The total investments made by equity MFs during the first three months of 2023-24 stands at just Rs 2,980 crore, compared with an average monthly investment of Rs 14,500 crore in 2022-23, reveals data from the Securities and Exchange Board of India.

“We are seeing signs of moderation in non-systematic investment plan (SIP) contribution, which has impacted domestic fund inflows in recent months to some extent,” says Kunal Vora, head-India equity research, BNP Paribas.

The net inflows into actively-managed equity schemes have been dwindling in recent months, even as inflows through the SIP route have remained strong. In May, net inflows

First Published: Jul 06 2023 | 10:27 PM IST

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