Global mutual fund schemes resurrect as outflows create headroom

Investors have pulled out Rs 875 crore between April and June from these schemes amid tax changes

Continued outflows from international mutual fund (MF) schemes have made room for fresh investments. SBI MF and PGIM MF have recently opened their schemes to fresh subscriptions.

In March, Edelweiss MF and Mirae MF opened their schemes to subscription; they continue to accept fresh inflows. According to MF executives, outflows from international schemes have surged in recent months as investors booked profits after a strong run-up in global markets, especially the US.

The inflows into international schemes have remained negative for the past three months, with net outflows adding up to Rs 875 crore.

“Most international funds have delivered good