December inflows in equity funds highest in over two years

Fri Jan 10, 2014 1:52pm IST

A grocery shop owner counts rupees notes in Ahmedabad May 23, 2012. REUTERS/Amit Dave/Files

A grocery shop owner counts rupees notes in Ahmedabad May 23, 2012.

Credit: Reuters/Amit Dave/Files

Related Topics

Reuters Market Eye - India's equity mutual funds witnessed the highest monthly inflows in more than two years in December, helped by new fund launches coupled with higher equity allocation as markets recovered in the back half of the year.

Equity funds had net inflows of 10.59 billion rupees last month, the highest since September 2011, when 14.01 billion rupees were invested in such funds, according to data from the Association of Mutual Funds in India (AMFI)

For the full year, equity funds had net redemptions of 87.08 billion rupees, taking the total outflows for last four years to 496.03 billion rupees as the industry struggles amid low investor confidence in the aftermath of the 2008 recession.

Debt funds had net outflows of 89.54 billion rupees in December as investors pulled out on growing uncertainty about the central bank's monetary policy action.

(Reporting by Himank Sharma)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

DIPLOMACY

REUTERS SHOWCASE

Moody's on Inflation

Moody's on Inflation

Persistent inflation hurting India's sovereign ratings - Moody's  Full Article 

GDP Preview

GDP Preview

Economy likely grew faster in June quarter: Reuters poll.  Full Article 

Asian Market

Asian Market

Shares edge up on steady Wall Street  Full Article 

Chance For Reform

Chance For Reform

India's coal crunch - a chance to revamp, reallocate and revive.  Full Article 

Road to IPO

Road to IPO

Mega-IPO to rekindle the 'bromance' behind Alibaba's rise  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage