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HomeBusinessEquity MFs see ₹1.6L crore inflow in FY22 - Times of India

Equity MFs see ₹1.6L crore inflow in FY22 – Times of India

NEW DELHI: Strong SIP e book and decrease returns from conventional investments made fairness mutual funds a horny funding vacation spot for traders with fairness oriented funds receiving web inflow of Rs 1.64 lakh crore in FY22. This comes following a web outflow of Rs 25,966 crore throughout FY21, knowledge with trade physique Amfi confirmed.
“We expect the growing inflow trends in equity mutual funds to sustain given the current economic condition and markets,” Manish Kothari, CEO and co-founder, ZFunds, stated.
According to the info, fairness mutual funds witnessed a web inflow of Rs 1,64,399 crore in all the FY22. This included an all-time excessive inflow of Rs 28,464 crore final month. The sturdy inflow pushed the asset base of fairness mutual funds by 38% to Rs 13.7 lakh crore on the finish of March this 12 months.
The fairness class has been witnessing constant web inflows since March 2021, after the second wave of Covid hit India and resulted in the correction in the markets.

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