Sectoral, mid cap, small cap funds witness higher flows
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Investors continued to add money to equity mutual funds in April, albeit at a slower pace, with experts anticipating the gravitation of savings to financial assets when the second Covid surge abates and localized curbs on mobility and businesses ease.
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Investors continued to add money to equity mutual funds in April, albeit at a slower pace, with experts anticipating the gravitation of savings to financial assets when the second Covid-19 surge abates and localized curbs on mobility and businesses ease.
Inflows into equity schemes were at Rs 3,437 crore, much lower than the Rs 9,115 crore in March. Money also came into debt funds, with the category seeing inflows of Rs 1,00,903 crore, taking assets under management of the industry to Rs 32.42 lakh crore, higher than Rs 32.17 lakh crore as of March.