For a second straight month, net inflows into equity mutual fund (MF) schemes remained aboveRs 10,000 crore, taking the year to date net inflow toRs 83,469 crore (over $13 billion). The huge inflows give domestic MFs more might than foreign institutional investors (FIIs).
"Indian equity markets have seen unprecedented literacy and continuous inflows. This has resulted in domestic funds acting as an insulator to global volatility. The equity investment cult in India is developing rapidly and that is seen in the monthly inflows," said Motilal Oswal, CMD, Motilal Oswal Financial Services.
