Inflow in equity mutual funds dips 3.24% to Rs 24,269 crore in April: AMFI
Notably, this was the fourth consecutive month of decline in inflow in equity funds.
Notably, this was the fourth consecutive month of decline in inflow in equity funds.
The move also marks the 44th consecutive month of net inflow in the equity-oriented funds, highlighting the ever-increasing appeal of mutual funds among investors.
India equity indices were trading flat following weak global cues from the US and Asian Markets.
Foreign Portfolio Investors (FPIs) have sold equity worth Rs 32,684 crore (till August 17) through the stock exchange while investing Rs 11,483 crore through the primary market and others category, industry data said on Saturday.
Telecom service provider Vodafone Idea, on Thursday, said that its board has approved issuance of about 166.8 crore equity shares worth Rs 2,458 crore on a preferential basis.
The equity markets were quick to erase early losses as they staged a pre-interim Budget rally on Wednesday.
The extent of the jump in food inflation and other upside risks to inflation can compel the Reserve Bank of…
The sell-off by the FPIs in March is way more than they pulled out in January and February of Rs 33,303 crore and Rs 35,592 crore, respectively.
"Stability in global markets, softening crude and chances of a ceasefire in Ukraine can provide the positive backdrop for this breakout,"
According to Likhita Chepa, Senior Research Analyst, CapitalVia Global Research: "The Indian benchmark had a gap up start today and is likely to recover from the previous session's fall."
