Inflow into equity schemes last month was Rs 121 billion, up 8 per cent over April, shows data from the Association of Mutual Funds of India (Amfi). This was still below the 12-month average of Rs 144 billion.
Those in the sector say equity inflow has been holding up despite market volatility. While benchmark indices remained flat, the broader market mid-cap and small-cap indices had dropped as much as 8 per cent in May. Sundeep Sikka, chief executive officer (CEO) at Reliance Nippon AMC, says in the current market environment, continued healthy contribution from systematic ...Read Full Story
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