look news india
Ahmedabad: The market sector seems to be worried due to the turmoil going on in the market for the last few weeks. Equity mutual fund investors continued to make fresh inflows into fund schemes even as key benchmark indices fell nearly 7 per cent from their highest levels.
Nifty and Sensex remained bullish for about 7 months but since September 27, a decline is being seen in them. Both indices are now down about 7 per cent from their all-time highs of September 26.
An analysis of assets under management (AUM) and net asset value (NAV) of major equity mutual fund scheme categories shows that investors are parking money in these schemes despite the decline in NAV.
According to estimates by mutual fund body Amfi, inflows into large cap schemes in the period September 26 to October 22 were around Rs. There was a net investment of Rs 2,600 crore. During the same period, around Rs. An investment of Rs 7,000 crore is expected. Similarly, in the flexi scheme, about Rs. An investment of Rs 4,000 crore was made.
Record selling led by mutual fund investments by foreign portfolio investors helped cushion the market decline. This month (till October 21), mutual funds have collected around Rs. Shares worth Rs 66,000 crore have been purchased.
During market downturn in recent years, fund investors have invested more in equity schemes. Apart from this, investment is also increasing through Systematic Investment Plan (SIP).
Record investment is being seen in equity mutual funds in the current financial year. Investors in equity schemes in the first six months of FY2025 will get a net Rs. 2 lakh crore has been invested, while in FY 2024 Rs. An investment of Rs 1.8 lakh crore was made.
