Positive Momentum:A record investment of Rs 18,529 crore in equity mutual funds in a bad environment

Positive Momentum:A record investment of Rs 18,529 crore in equity mutual funds in a bad environment

For the 15th consecutive month, equity schemes have seen positive momentum

Equity mutual funds have seen positive momentum for the 15th consecutive month. Amid the volatility in the stock market as well as the sell-off by FPIs, equity mutual funds lost Rs. A record investment of Rs 18,529 crore has been registered. In April, Rs. 15890 crore was invested. The steady growth in investment in equity schemes since March 2021 indicates positive sentiment among investors, according to Amphi data. In contrast, from July, 2020 to February, 2021, a total of Rs. 46791 crore was sold.

In May, the highest investment in all equity-based categories was in Flexi Cap Funds at Rs. 2939 crore. In large cap, large and mid cap funds and sectoral-thematic funds, Rs. 2200 crore has been invested. Net flow is calculated by subtracting total redemption from total investment. Despite the correction in the stock market, May did not see a net outflow in any of the equity scheme categories. Unexpected rise in repo rate in May has added to market volatility. Out of the net inflows recorded in mutual fund schemes in May, hybrid funds accounted for a total of Rs. 5,123 crore.

SIP

boosts investment through Systematic Investment Plan (SIP) 12286 crore in May, up from Rs. 11863 crore. Retail investors have strong confidence in equity investments. For the ninth consecutive month, SIP investment stood at Rs. More than 10 thousand crore has been reported.

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