Equity mutual funds registered an inflow of over Rs 80,000 crore in April-September 2017, a three-fold growth from the year-ago period, mainly due to the ongoing shift of household savings from real estate and gold to such financial products.
The strong inflows have pushed the asset base of equity mutual funds (MFs) by over 21 percent to Rs 6.59 lakh crore at the end of September from Rs 5.43 lakh crore in March-end, according to data of the Association of Mutual Funds in India (AMFI).
As per the data, equity funds, which also include equity-linked saving schemes (ELSS), saw net inflows of Rs 80,357 crore in the first six months of the ongoing fiscal, much higher than Rs 22,233 crore infused in April-September 2016-17.
