Wednesday, August 5, 2020
News

Net inflows in equities plummet to 4-year low, SIP contribution tanks below Rs 8,000 crore

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai (Maharashtra) | July 14, 2020 12:11:52 PM IST
Net inflows in equities plunged 94 per cent month-on-month in June, according to report released on Tuesday by Motilal Oswal Institutional Equities.

It said increase in redemptions by 74.9 per cent month-on-month to Rs 14,200 crore led to a decline in net inflows in equities from Rs 5,600 crore in the previous month to Rs 300 crore in June, the lowest in four years.

The contribution of systematic investment plans (SIPs) declined for the third successive month to Rs 7,930 crore (down 2.4 per cent month-on-month). Notably, the contribution of SIPs has slipped below the Rs 8,000 crore mark for the first time since November 2018.

The report cited that the mutual fund industry's asset under management (AUM) increased 3.8 per cent (Rs 1 lakh crore) month-on-month to Rs 25.5 lakh crore in June, primarily led by equity funds (Rs 52,800 crore) and income funds (Rs 50,300 crore).

Equity AUM (including equity linked saving schemes) of domestic mutual funds increased 7.7 per cent month-on-month to Rs 7.4 lakh crore in June. This was led by a rise in market indices (Nifty plus 7.5 per cent month-on-month) and increase in sales of equity schemes (up 6 per cent month-on-month to Rs 14,600 crore).

The month saw notable change in sector and stock allocation of funds. The weights of oil and gas, non-banking finance companies and banks (private and PSU) increased while that of healthcare, utilities, technology, consumer, capital goods, cement and chemicals moderated. (ANI)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Lupin launches Favipiravir in India for ...
Union Education Minister to inaugurate t...
Equity indices gain 1 pc on global cues,...
PTC India Financial Services posts Q1 pr...
India's service sector remains severely ...
US stocks close higher as energy sector ...
More...
 
INDIA WORLD ASIA
Constable among 5 from Delhi Police fami...
'Announce financial package on the occas...
Grand foundation stone-laying ceremony o...
Javadekar launches 24x7 Doordarshan Assa...
Kerala gold smuggling case: NIA arrests ...
Oppn appeals to Goa CM for aid to those ...
More...    
 
 Top Stories
Covid-19 deaths in Brazil top 95,00... 
Punjab CM congratulates all for 'hi... 
Selena Gomez's 'Rare' make-up brand... 
Centre accepts Bihar govt's request... 
Russia's Emergencies Ministry sends... 
Andhra govt inks MoU with ISB to dr... 
Bombay HC adjourns hearing on plea ... 
Five staffers of Dutch Embassy inju...