Equity Mutual Funds See Highest Inflows Since March 2020
Mutual Equity Funds saw the entrances for the third consecutive month, since the optimism of the stock market challenged a resurgence in Covid-19 infections and its impact on the Indian economy. However, debt schemes boosted general outputs for the industry in May.
The net tickets in equity and the schemes linked to equity jumped almost tripled during the month before RS 10,083 million rupees in May, the highest since March 2020, according to the data published by the Association of Mutual Funds in the India.
That came as the capital reference points of India, Nifty 50 and BSE Sensex, won about 6.5% during the reported month. The stock markets met even when the nation reported that the registration recalled the fresh cases and deaths from Covid-19, forcing several states to impose local bl...