Inflows in equity MFs hit 18-month high in December

Despite volatility amid corrections, investors pumped in over Rs 10,000 crore in equity schemes

Strong inflows in equity mutual fund schemes despite volatility in December have helped the sector end 2016 on a positive note. A total of over Rs 10,000 crore on a net basis made its way into the equity segment in December, the highest since June 2015.

The number of equity accounts surpassed the 39-million mark, while the overall investors’ base crossed 50 million.

Increasingly mature investors are staying put during volatile times and using such opportunities to invest more. Over four million equity accounts were added during 2016.

Sundeep Sikka, chief executive officer (CEO) of Reliance Mutual Fund,