Equity-linked saving schemes News

Investors pulled out nearly Rs 16,600 crore from various mutual fund schemes in June, making it the second consecutive monthly outflow, primarily due to huge redemption from income and liquid segments.

Equity mutual funds saw an inflow of Rs 10,790 crore in May, making it the highest in nearly two years, underpinned by investor optimism and steps taken by fund houses to create awareness about MFs.  

In terms of returns to investors, most of the equity focused mutual funds in the country have underperformed their respective benchmark S&P BSE indices, for one year ended December 2016, says a report.

Driven by strong participation from retail investors, mutual fund (MF) houses have registered an addition of around 62 lakh investor accounts in the first 10 months of the current fiscal, taking the total tally to 5.4 crore.

Mutual fund industry's asset base rose to all-time high of Rs 17.37 lakh crore at the end of January primarily on account of strong inflows in equity, income and money market segments.

Driven by strong participation from retail investors, mutual fund (MF) houses have registered an addition of nearly 70 lakh investor accounts in 2016 taking the total tally to nearly 5.3 crore.

New Delhi: Equity mutual funds witnessed an inflow of over Rs 4,721 crore in May, making it the highest in six months, mainly on account of strong retail participation.

Equity mutual funds witnessed an inflow of Rs 4,438 crore in April, making it the highest in five months, primarily on account of strong retail participation.

Providing better returns to investors, majority of equity-linked saving schemes as well as mid- and small-cap funds outperformed their respective benchmark stock indices over a five-year period ended December 2015, according to a report.  

This was the third successive month when the flows in local equity mutual funds (MFs) declined.