Equity mutual funds log Rs 10,585 crore inflow in July

Investors have pumped in Rs 10,585 crore in equity mutual funds in July, up 28 percent month-on-month. This is much higher than Rs 8,237 crore inflow seen in such schemes in March. The fund failed to match Rs 12,070 crore in May and Rs 12,409 crore in April.

The equity ETF (exchange-traded funds) saw a decline last month. The inflow to ETF slumped to Rs 3,982 crore in July from Rs 8,313 crore in June. But the fund fared better than May which saw an inflow of Rs 2,694.

Inflow into balanced funds declined for the third month in a row—the longest streak since April 2016. It declined 81 percent (month-on-month) to Rs 287 crore in July compared with Rs 1,482 crore in June.

The Inflow of fund into equity schemes was down by 48 percent against the 2018 average of 10.5 percent, the inflow of fund into balanced schemes was down by 97 percent against this year's average of 93 percent.