Equity inflows into mutual funds dropped 32 percent in June to Rs 8,237 crore but the mutual fund houses appear unperturbed.
A Balasubramanian, CEO of Aditya Birla Sun Life Asset Management Company and chairman of the Association of Mutual Funds of India (AMFI) is positive of the flows going forward.
“It’s not concerning to us mainly for one simple reason, in the last few years industry has been structurally becoming stronger in the form of going more retail and reaching out the B30 market as well as the focus has been more on adding new SIPs, new customers. Therefore, the spread is getting widen there,” Balasubramanian told CNBC-TV18 on Thursday.
“There are two things that we have looked at, in general these flows have been mostly towards largecap, multi-cap and then comes to the balance funds,” he added.
He further said that large flows will continue to come in largecap and multicap funds.