Mutual funds log Rs 1.2-trn inflow in Jan over infusion in liquid schemes

Investors pumped Rs 1.2 trillion into various mutual fund schemes in January, after pulling out a massive Rs 62,000 crore in the preceding month, primarily on account of infusion in liquid and overnight schemes.

Mutual fund inflows will gather further momentum in the coming months, Union Asset Management Company CEO G Pradeepkumar said.

According to data by the Association of Mutual Funds in India (Amfi), net inflow of Rs 1.2 trillion was witnessed in mutual fund schemes last month as compared to an outflow of Rs 61,810 crore in December.

Fund managers attributed the growth in asset base to strong inflow of around