Domestic investors are pouring money into equity mutual funds (MFs), amid strong buoyancy in the stock markets.
Last month, equity schemes saw their highest-ever gross inflow at Rs 21,300 crore, while net inflow (after factoring in the redemptions) touched a 12-month high at Rs 6,500 crore.
Gross inflow or sale of equity schemes has averaged Rs 13,600 crore since May 2014, when the tide for the MF sector changed with continuous positive flow. The sharp increase now comes amid a good run in the markets, with the benchmark Sensex and Nifty nearing record levels and the broader BSE Midcap index recording new highs.
