Equity Mutual Fund

Equity mutual funds net inflows of over Rs 10,000 crore in May

Equity mutual funds net inflows of over Rs 10,000 crore in May

Equity mutual funds saw net inflows of over Rs 10,000 crore in May as investors overlooked the second Covid- 19 wave to focus on corporate earnings and better growth ahead. “This kind of consistent numbers look favourable for the mutual fund industry and for the economy as a whole as it highlights investor’s confidence and normalcy taking its hold back in the economy,’’ said Mohit Nigam, head, PMS- Hem Securities. Multi-cap funds saw the largest net inflow at Rs 1,954 crore. This was followed by a net inflow of Rs 1,368 crore in mid-cap funds, Rs 1,169 crore in focussed…
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