Equity Mutual Funds in April: Net investment in equity mutual funds stood at Rs 15,890 crore in April amid continuing volatility in domestic stock markets and selling by foreign portfolio investors (FPIs). This is the 14th consecutive month that the net flow has increased. Associate of Mutual Funds in India (AMFI) said that this figure for April is lower than the net investment of Rs 28,463 crore in equity mutual funds in March.
Increasing investment since March 2021
Net investment in schemes related to investment in equity i.e. shares has been increasing since March 2021. This indicates a positive sentiment among investors about such schemes. Earlier, funds were withdrawn continuously from these schemes from July 2020 to February 2021.
SIP investment reduced
Let us tell you that the investment in Monthly Investment Plan (SIP) declined to Rs 11,863 crore during April, 2022 from Rs 12,328 crore in March. However, the number of SIP accounts reached an all-time high of 5.39 crore in the month under review. In April, 11.29 lakh new SIP accounts were opened.
69,883 investment came last month
According to the data, a net investment of Rs 69,883 crore came in the loan category last month, while Rs 1.5 lakh crore was withdrawn in March. Apart from this, a net investment of Rs 1,100 crore came in gold exchange during the month under review. Overall, the mutual fund industry saw a net inflow of Rs 72,846 crore during the month of April, as compared to a withdrawal of Rs 69,883 crore in the previous month.
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