Amid softening yields, MFs turn to equities for 2nd month in a row
Investment by mutual funds (MFs) in equities will continue in coming months seeing the increase in user growths as multiple fintech players are entering into this space, Kaushlendra Singh Sengar, …
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Investment by mutual funds (MFs) in equities will continue in coming months, say experts.
MFs put in a net amount of Rs 5,526 crore in equities in the month of April.
Mutual funds had been withdrawing money from equities since June 2020.
New Delhi, May 9 (PTI) Continuing their buying spree for the second straight month, mutual funds invested Rs 5,526 crore in stocks in April with fund managers sensing opportunities after some consolidation in the market.
Investment by mutual funds (MFs) in equities will continue in coming months seeing the increase in user growths as multiple fintech players are entering into this space, Kaushlendra Singh Sengar, founder and CEO at INVEST19, said.