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Equity mutual funds witnessed the highest monthly inflows in more than two years in December, helped by new fund launches coupled with higher equity allocation as markets recovered in the back half of the year.
Equity funds had net inflows of Rs 1,059 crore last month, the highest since September 2011, when Rs 1,401 crore were invested in such funds, according to data from the Association of Mutual Funds in India (AMFI)
For the full year, equity funds had net redemptions of Rs 8,708 crore, taking the total outflows for last four years to Rs 49,603 crore as the industry struggles amid low investor confidence in the aftermath of the 2008 recession.
Debt funds had net outflows of Rs 8,954 crore in December as investors pulled out on growing uncertainty about the central bank's monetary policy action.
