New Delhi, March 16 -- Financial markets have been quite volatile lately. Benchmark index Nifty50 has already lost 14 percent off its peak of 26,277 it hit in September. Although it lost 16 percent by February-end, it has now pared some of the gains.

The declining trajectory of markets has naturally cast a shadow an mutual funds. The latest AMFI (Association of Mutual Funds in India) data revealed that inflows into equity mutual funds in February declined to Rs.29, 303 crore against Rs.39,687 crore in January, indicating a noticeable fall of 26 percent. Additionally, the equity inflow showed a declining trend in January as well when the inflow into equity schemes declined marginally by 3.6 percent month on month.

In this backdrop, wealt...