Even though the FII sale continued unabated and volatility increased during April, the equity mutual fund raised a net sum of Rs. 15,890 crores. However, this is much lower than the March entry of up to Rs. 28,463 crore, says data from the Association of Mutual Funds in India (AMFI) shown on Tuesday.
The lower inflow during the first month of the new fiscal year may be due to risk-off sentiment as the market turned volatile amid weak global signals and the investment environment became quite challenging.
Akhil Chaturvedi, Chief Commercial Officer of Motilal Oswal AMC, is quoted in a major daily as saying that it will be interesting to keep an eye on the investment trend as volatility remains very high. However, he remains optimistic that the positive trend will continue as well.
Equity schemes maintaining positive momentum have received net inflows for the 14th consecutive month, from March 2021 to now.
While all share categories accumulated net inflows, the sector/thematic scheme emerged as an outlier with a net inflow of Rs. 3,843 crores. The segment also saw the launch of a new fund, ICICI Prudential Housing Opportunities Fund, which mobilized Rs. 3,130 crores. Second, the large and mid caps mobilized a sum of Rs. 2 billion rupees.
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Story first published: Wednesday, May 11, 2022, 11:28 PM [IST]