Net inflows into equity schemes in July up 28% month-on-month but 27% less than 12-month average
ICICI Pru MF has raised this to 12%; sectoral level at 5%, from 3.8% in Nov, showing cautious stance
During the Oct-Dec quarter, fund managers had deployed over Rs 30,000 crore in stocks
Despite volatility amid corrections, investors pumped in over Rs 10,000 crore in equity schemes
This also marks the sixth straight month of positive inflow in equity schemes
Net inflow to equity schemes in first half of 2016 a fourth of that a year ago
Assets being managed by equity mutual funds soared to a record high of Rs 4.28 lakh crore in June
In search of better returns, mutual funds look at lesser-known stocks
Equity schemes received funds to the tune of Rs 2,914 crore in January and Rs 3,644 crore in December
Equity mutual funds witnessed an inflow worth just Rs 2,914 crore, the lowest level in the last 20 months, due to sluggish stock markets and appreciation in gold prices