Inflows in equity MFs hit 10-month low of Rs 6,120 crore in August

NEW DELHI: Inflows in equity mutual funds dropped to a 10-month low level at Rs 6,120 crore in August on account of investors taking cautious approach and temporarily shifting of money from equity to debt due the rising interest rate scenario.
This was the 18th straight month of inflows in equity mutual funds (MFs) but the pace of inflow has been declining over the past few months.
The net inflows in August were lower compared to Rs 8,898 crore in July, Rs 15,495 crore seen in June, Rs 18,529 crore in May and Rs 15,890 crore in April, according to data released by Association of Mutual Funds in India (Amfi) on Friday.
The month of August saw the lowest level of inflow since October 2021, when equity mutual funds had attracted Rs 5,215 crore.
Equity schemes have been witnessing net inflow since March 2021. These schemes had witnessed outflows for eight months from July 2020 to…

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