The long-term capital gains (LTCG) tax relief window up to March 31 has cast a dark shadow on how investors dealt with equity mutual funds. Net inflows into equity funds on a monthly basis were this low only in July 2016, when the figure had dropped to Rs 2,221 crore. March 2018 is the first time in over a year that net inflows in equity fund category have actually dropped to below Rs 3,000-crore mark. If markets turn more volatile, redemptions will rise in all equity funds where there is no lock-in," said the marketing head of a bank-sponsored fund house. This was five times the Rs 953 crore net inflows that were witnessed in the previous month.

Source: dna April 08, 2018 23:37 UTC