News From Press Inflows in equity MFs surges to Rs 2.86 lakh cr after note ban

Inflows in equity MFs surges to Rs 2.86 lakh cr after note ban

Source: Moneycontrol Nov 14, 2017

Equity mutual funds registered a staggering inflow of Rs 2.86 lakh crore in the past 11 months bolstered by the ban on high value currency notes, latest industry data showed.

The sudden spike in bank deposits and consequent decline in interest rates following demonetisation on November 8, 2016 led to surge in inflow into equity mutual funds, an analyst said.

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