Investors continue to pour money into equity mutual funds due to positive sentiment and stock market rally. In October (2021) also, investors invested a lot in equity mutual funds, but it remained less as compared to September. One reason for this could be profit booking by the investors. Investors in equity mutual funds had invested Rs 36,656 crore in September but in October it came down to Rs 28,671 crore.
SIP book of mutual funds remains strong
Commenting on the October 2021 figures of AMFI, Himanshu Srivastava, Associate Director-Manager Research, Morningstar India, said that the growth outlook has improved due to the spurt in business activities and the pace of vaccination to prevent corona. The market has reached an all-time high due to rising expectations of economic recovery. At present, the third wave of Corona and other concerns do not dominate. Because of this, the bull run in the stock market has given very good returns and due to this investors are getting attracted towards equity mutual funds. He says that investors are getting attracted towards equity mutual funds due to low returns in traditional investment instruments. Investors are finding it attractive. Along with this, the SIP book of mutual funds is also getting stronger.
JhunJhunwala Portfolio: This favorite stock of Rakesh Jhunjhunwala has made investors rich, know how much more profit it can give now
Net in-flows good in equity mutual funds for the eighth consecutive month
This is the eighth consecutive month that equity mutual funds have had good net flows. So far, there has been a net inflow of Rs 73,766 crore in this segment, which clearly shows that there is a positive sentiment among the investors. Earlier, from July 2020 to February 2021, investors were withdrawing money from equity mutual funds. During this period, investors had withdrawn Rs 46,791 crore from equity mutual funds. It is clear that now the trend has reversed. Barring dividend yield and ELSS categories, net inflows grew in all equity categories during October.
Get Business News ,, latest India News ,, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.
.