After a battering performance in March, the mutual fund industry has registered a net inflow of Rs 1,54,192 crore during April — the highest net inflow in the last four years. Although equity markets staged a rally last month and generated 15 per cent returns, mutual funds registered maximum inflows in the debt category at Rs 1,03,055 crore. The last time the industry registered such inflows was in August 2004, when there was a net inflow of Rs 1,55,686 crore.
During April, funds moved out of exchange traded funds (both equity and gold), gilt, balanced and equity funds to income funds. “During 2008-09, especially after September, a lot of money was withdrawn from debt funds. Now that the liquidity situation is normalised, money has again starting pouring in in this category. With so much volatility in equities, debt funds have become the flavour of the season for mutual funds,” said A P Kurian, chairman, Association of Mutual Funds in India (AMFI).
During April, funds moved out of exchange traded funds (both equity and gold), gilt, balanced and equity funds to income funds. “During 2008-09, especially after September, a lot of money was withdrawn from debt funds. Now that the liquidity situation is normalised, money has again starting pouring in in this category. With so much volatility in equities, debt funds have become the flavour of the season for mutual funds,” said A P Kurian, chairman, Association of Mutual Funds in India (AMFI).
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