INSUBCONTINENT EXCLUSIVE:
Mutual funds that invest in equity showed a net inflow of Rs 9,115 crore in MarchIndia's equity shared funds taped inflows in March after
eight months of outflows, market data revealed on Thursday, as financiers took advantage of a stock exchange correction to place bets on
Mutual funds that invest in equity revealed a net inflow of Rs 9,115 crore in March compared with an outflow of Rs 4,534 crore in February,
information published by the Association of Mutual Funds in India (AMFI) showed
Indian stock exchange touched record highs previously this year in a rebound from a market crash that followed the spread of the coronavirus
last year.But key Indian market indices have fallen once again as rising bold yields and a surge in coronavirus cases weighed on market
The benchmark S&P BSE Sensex lost as much as 8 per cent throughout March from a peak it recorded in February, creating an opportunity for
investors to pump in funds
It seems like equity financiers waiting on the sidelines for a market correction have actually started making allotments taking a long-term
investing view on equities, said Kaustubh Belapurkar, a director at investment research group Morningstar India.Mutual funds buying
financial obligation instruments, nevertheless, revealed high outflows in March, generally as business got cash to pay tax and other costs
as the financial year waned, the AMFI data revealed.
