Equity Mutual Funds Attracted Rs 15,890 Crore In April, Despite Market Volatility
NDTV
Equity mutual funds attracted Rs 15,890 crore in April despite volatility in stock markets and consistent selling by foreign portfolio investors.
Sustaining positive momentum for the 14th straight month, equity mutual funds attracted a net sum of Rs 15,890 crore in April amid heightened volatility in stock market and consistent selling by foreign portfolio investors.
This was much lower compared to a record net inflow of Rs 28,463 crore seen in the preceding month, data from the Association of Mutual Funds in India (AMFI) showed on Tuesday.
The lower quantum of net inflow from the previous month could be attributed to investors going slightly cautious given the ongoing challenges to the investment environment, Himanshu Srivastava, Associate Director – Manager Research, Morningstar India, said.
Akhil Chaturvedi, Chief Business Officer, Motilal Oswal AMC, said that it will be interesting to see ongoing investment trends, given the intensity of volatility being very high, and expect positive trend to continue going forward though.
