Purely this investment is the highest in four months. Previously, Rs 7,303 crore was injected into equity mutual funds in December, Rs 2,258 crore in November and Rs 9,390 crore in October. While in September there was an entry of 14,100 million rupees.
Despite the current volatility in the stock market, an investment of Rs 12,546 crore was made in January in stock mutual funds. The main reason for this is the attraction of people towards regular investing i.e. SIP. Purely this investment is the highest in four months. Previously, Rs 7,303 crore was injected into equity mutual funds in December, Rs 2,258 crore in November and Rs 9,390 crore in October. While in September there was an entry of 14,100 million rupees.
According to data released on Thursday by the Association of Mutual Funds of India (AMFI), the parent body for mutual fund units, this is the 23rd consecutive month that there has been an inflow of capital into the mutual fund schemes of India. Actions. Gopal Kavalireddy, head of research, trading and investment platform Fires, said: “Despite the volatility in the stock markets, investors continue to have faith in equity mutual funds. The inflow of Rs 12,546 crore in January is an example of this.It’s 72 percent more on a monthly basis.
Akhil Chaturvedi, chief commercial officer at Motilal Oswal Asset Management Company, attributed the strong inflows into equity mutual funds in January to a rebound in investment through SIPs. The continued investment in Equity Mutual Funds reflects the increasing prudence among investors. According to the data, capital was injected into all equity-linked schemes. ‘Small cap’ (small business investment) schemes emerged as the preferred category with inflows of Rs 2,255 crore.
It was followed by ‘midcap’ (investment in medium-sized companies) and large and medium-sized companies. The investment in both was Rs 1,962 crore and Rs 1,902 crore respectively. On the other hand, capital inflow via SIP increased to Rs 13,856 crore in January from Rs 13,573 crore in December. This is the fourth consecutive month that SIPs have stayed above Rs 13,000 crore.
Disclaimer:Prabhasakshi has not edited this news. This news has been published from PTI-language feed.