Lump sum investments dry up for MFs

During the past year, mutual fund houses have been gung-ho about the steady inflow into Systematic Investment Plans (SIPs) in equities. Many have said these have helped them counter selling pressure by foreign institutional investors. Data from the Association of Mutual Funds in India reveals an interesting trend. Between February 2016 and January 2017, fund houses saw net inflow of Rs 47,293 crore. However, in that period, there have been significant redemptions, of Rs 1.3 lakh crore. In all, fund houses collected Rs 1.8 lakh crore.

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