Net inflows into equity schemes of mutual funds continued to be strong in February even as equity markets witnessed their worst correction in two years, owing to turmoil in world markets and the over Rs12,636 crore PNB fraud. While March might continue to see strong inflows as investors plough money into tax-saving schemes, analysts were cautious.
Net inflows into equity mutual funds in February came in at Rs16,278 crore, the best in three months, and a rise of 5.7% from January even as benchmark indices Sensex and Nifty eroded by 4.9% each, the biggest such decline in two years.
