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With a booming stock market and a lack of better options to park money, retail investors continued to opt for mutual fund investments in May, show the data from the Association of Mutual Funds in India (AMFI).
Equity mutual funds see Rs 10,000 cr-inflow in May; indicates investor confidence in economy
Mutual Funds
Equity mutual funds witnessed a net inflow of over Rs 10,000 crore in May, making it the third consecutive monthly infusion.
This was way higher than Rs 3,437 crore net inflow seen in April and Rs 9,115 crore in March, data from the Association of Mutual Funds in India showed on Wednesday.
Prior to this, equity schemes had consistently witnessed outflow for eight straight months from July 2020 to February 2021.
On the other hand, investors pulled out Rs 44,512 crore from debt mutual funds last month after infusing over Rs 1 lakh crore in April, PTI said.
Gold ETFs continue to remain bullish; investors pump in Rs 491 cr in Feb
Continuing flows in gold ETFs further indicate increased acceptance of these efficient forms of owning gold
PTI | March 12, 2021 | Updated 10:25 IST
Prior to this, gold ETFs had seen an outflow of Rs 141 crore in November, data available with Association of Mutual Funds in India showed
Investors pumped Rs 491 crore in gold exchange traded funds (ETFs) in February as they seem be taking advantage of the lower domestic prices caused due to declining international rates, appreciating rupee and reduction in custom duty. This came following a net investment of Rs 625 crore in January and Rs 431 crore in December.
Investors pumped Rs 491 crore in gold exchange-traded funds (ETFs) in February as they seem be taking advantage of the lower domestic prices caused due to declining international rates, appreciating rupee and reduction in custom duty. This came following a net investment of Rs 625 crore in January and Rs 431 crore in December. Prior to this, gold ETFs had seen an outflow of Rs 141 crore in November, Association of Mutual Funds in India data showed. Continuing flows in gold ETFs further indicate increased acceptance of these efficient forms of owning gold. “With gold prices having corrected by 9 per cent in 2021, gold investors are showing maturity and further adding gold on corrections. The Rs 625 crore net inflows in the first month of the year,” Chirag Mehta, senior fund manager, at Quantum Mutual Fund said.