Net investment of Rs 20.5 thousand crore in share mutual fund schemes

Mumbai (Uttam Hindu News): Despite the uncertainties in the market, mutual fund schemes investing in stocks in the country continue to be supported by investors.
According to a report released on Thursday by the Association of Mutual Funds in India (AMFI) on the status of its route 2023, net investment of capital of more than Rs 20.5 thousand crore was received in various schemes of the mutual fund industry in the month under review. In the month of February, net money inflows in equity mutual funds were around Rs 15 thousand 700 crore.
According to the AMFI report, as on March 31, 2023, the assets under management of mutual funds in all schemes such as bonds and shares stood at Rs 40,04,637.60 crore, which also included assets of Rs 66,590.41 crore in Fund of Funds schemes.
Commenting on the March numbers, Akhil Chaturvedi, Chief Business Officer, Motilal Oswal AMC said, “Equity as an asset class has
Investors’ confidence remained intact. Despite the flow of negative news, investor inflows remained brisk.” Overall, equity investors have dismissed concerns of a slowdown in flows through one of the most volatile times in the market, he said.
According to the latest report, due to the end of the financial year, in March 2023, investors invested a total of Rs 4.2 thousand crores in funds with equity-linked savings schemes to save tax, which is 84 percent compared to the gross inflow of Rs 2.3 thousand crores in February. shows growth.
Mr. Chaturvedi said that thematic/sectoral funds continue to see the highest month-on-month inflows. Small cap funds continued to gain inflow momentum following the trend of recent months. “Interestingly, dividend yield funds attracted the highest inflows, reflecting the strong performance of the Dividend Factor Index,” he added.
In the month under review, there was a net withdrawal of 12.4 thousand crores from hybrid funds.