Net inflows into equity mutual funds, including open-ended and closed-end schemes, fell 74% sequentially to ₹5,275.48 crore in April, marking the lowest levels since November 2022, according to data from the Association of Mutual Funds in India (AMFI). In March, net inflow was at ₹20,190.35 crore.
According to the data, open-ended equity MF schemes saw inflow of ₹6,480 crore in April, down 68% from March. “We believe since March witnessed good inflows in equity, investors probably took a wait-and-watch approach to allocating additional investments into equity in April while continuing with their existing systematic investment plans (SIPs)," Manish Mehta, national head of sales, marketing and digital business at Kotak Mahindra Asset Management Co. said.
Experts said inflows was also driven by new fund offers and hence the decline in April was being anticipated. Also, equity MFs saw a rise in redemptions to ₹17,484.65 crore, compared to ₹16,612.49 crore in March.
Diese Geschichte stammt aus der May 12, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der May 12, 2023-Ausgabe von Mint Mumbai.
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