Stock Market

Equity mutual fund inflow hits 5-month low in October

   Download Android App    Share in      FullScreen   CheckVideos

New Delhi: Equity mutual funds witnessed a net inflow of Rs 6,015 crore in October, the lowest in the last five months, amid rally in stock market following a series of reform measures taken by the government. According to data by the Association of Mutual Funds in India (Amfi), open-ended equity schemes witnessed an infusion of Rs 6,026 crore, while there was a small outflow of Rs 11 crore from close-ended equity plans, translating into a net inflow of Rs 6,015 crore in October. In comparison, net inflows in equity and equity-linked saving schemes stood at Rs 6,489 crore in September. Such inflows stood at Rs 9,090 crore in August, Rs 8,092 crore in July, Rs 7,585 crore in June and Rs 4,968 crore in May. "Net inflows continue to pour into the equity-oriented mutual fund schemes tracking the surge in the domestic markets.

Through the month of October, the category received a net inflow of Rs 6,026 crore.

Though slightly lower than the net inflow of Rs 6,609 crore in the month of September." "The positive inflow indicate building up of a positive investment trend.

Series of steps taken by the government in the recent times to boost domestic economy had improved sentiments and helped the markets to surge.

This has helped investors slowly gain confidence and get back to investing," said Himanshu Srivastava, senior analyst manager research, Morningstar Investment Adviser India. Going ahead, experts believe that equity markets would perform better in the coming months due to positive initiatives taken by the government, which will drive further inflows in mutual funds. Despite the decline in inflows, the asset base of equity mutual funds increased to Rs 7.9 lakh crore in October from Rs 7.6 lakh crore in the preceding month. Meanwhile, BSE benchmark Sensex had gained nearly 4 per cent in October.




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Stock Market


21