MF Sales Seen Positive With New Equity Schemes

Uttar Pradesh, India (PressExposure) August 12, 2009 -- The Association of Mutual Funds in India has presented the data which shows that one can expect the growth in the sales of mutual funds with the re-bounding capital market. In the month of July, the new equity schemes have shown the inflow of Rs.2,394 crore which stands as highest so far in the current financial year. This kind of improvement is also seen in the existing equity schemes through which the inflow of Rs.6,343 crore.

The market has seen no fresh launch from the side of new equity schemes in the early phase of the year when the global economic slowdown was affecting the economy. In the month of February also, no new scheme was launched and in the month of January-April the inflow from new schemes was seen as Rs.57 crore.

The official says that the corporate earnings in the first quarter of the year is better-than-expected and some of the sectors have taken the revival path, which are working as the big motivation for those investors who have been affected by the economic slowdown.

The head of ICICI Prudential MF Vikram Kaushal said that the retail participation and inflows have shown some improvement in last two months. A top official of leading fund house also came with the statement saying that the investors are gaining interest in the markets as the markets are witnessing some positive growth.

On the side of existing equity schemes, the improvement is seen from the month of May after it recorded the low of Rs.1,409 crore in January. This red side response was continued to the months of February and March as well, till the markets recorded some rise.

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Press Release Submitted On: August 12, 2009 at 7:07 am
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