Equity mutual funds attracted Rs 1,942 crore in net inflow
in August, even as the outflow from the debt and money market funds led to a
decline of 4% in the domestic mutual fund industry's total assets under
management to Rs 6.97 lakh crore.
Analysts credited the net inflows in equity funds, a month
after the industry witnessed a net outflow of Rs 729 crore, to the cheaper
valuations of stocks which offered more units to the mutual fund investors.
"The near-17% fall in markets over the past nine months has given
investors an opportunity to buy equities at cheaper valuations. High net worth
investors have begun investing in markets; many of them are now investing in
markets through mutual funds," said Vijai Mantri, managing director, Pramerica
Mutual Fund.
Source: http://articles.economictimes.indiatimes.com/2011-09-12/news/30145122_1_income-funds-mutual-funds-income-space
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