Equity MFs hit a Rs 70,000 crore net inflow in 2016-17

Recording high net inflows for the third consecutive year, the equity oriented mutual fund schemes posted a Rs 70,000 crore inflow in the year 2016-17. The immense inflows increased the asset base of equity MFs by 41 per cent during the period, while the fiscal year 2017 recorded a positive net inflow in the MFs in all the months of FY17.

The continuous hike in the net inflows are attributed to the active participation of the retail investors through systematic investment plans (SIPs), along with positive returns from the equity funds and various asset management companies to create investor awareness.

Furthermore, the equity linked saving schemes (ELSS) also saw a net inflow of Rs 70,367 crore in 2016-17, slightly lower than the Rs 74,024 crore infusion in 2015-16. While, the assets under management (AUM) of equity MFs also hit a high of Rs 5.43 lakh crore in March 2017 from a Rs 3.86 lakh crore in March 2016.