Equity Mutual Funds Netted Rs. 15,890 Cr. Inflow In April; Thematic Funds Outperformed

0
20
Advertisements

[ad_1]

Business

oi-Roshni Agarwal

|

Even as the FIIs selling continued unabated and volatility heightened during April, equity mutual fund raked in a net sum of Rs. 15,890 crore. This is though much lower than the March’s inflow of as much as Rs. 28,463 crore, says the data from the Association of Mutual Funds in India (AMFI) showed on Tuesday.

Equity Mutual Funds Netted Rs. 15,890 Cr. Inflow In April; Thematic Funds Outperformed

The lower inflow during the first month of the fresh FY may be on account of risk off sentiment as the market turned volatile amid weak global cues and the investment environment turned rather challenging.

Akhil Chaturvedi, Chief Business Officer, Motilal Oswal AMC is quoted in a leading daily as saying that it shall be interesting to watch out for the investment trend as the volatility continues to be on the very high side. Nevertheless he continues to be optimistic and feels the positive trend would continue going ahead too.

Equity schemes sustaining positive momentum have received net inflows for the 14th straight month, from March 2021 until now.

While all the equity categories raked in net inflows, sectoral/thematic scheme emerged as an outlier with net inflow of Rs. 3,843 crore. The segment also witnessed the launch of a new fund — ICICI Prudential Housing Opportunities Fund, which mobilised Rs. 3,130 crore. In the second place, large and mid cap mobilised a sum of Rs. 2000 crore.

GoodReturns.in

Story first published: Wednesday, May 11, 2022, 23:28 [IST]



[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here