Continuing their buying spree for the second straight month, mutual funds invested Rs 5,526 crore in stocks in April with fund managers sensing opportunities after some consolidation in the market. Investment by mutual funds (MFs) in equities will continue in coming months seeing the increase in user growths as multiple fintech players are entering into this space, Kaushlendra Singh Sengar, founder and CEO at INVEST19, said. Alok Aggarwala, Chief Research Officer, Bajaj Capital, is also of the view that this bullish stance to continue as valuations moderate somewhat post FY21 earnings and the consolidation provides investors with an opportunity to accumulate equities.
Mutual Funds on buying spree for 2nd month in a row, infuse Rs 5,526 Cr in equities in April yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Mutual funds infuse Rs 5,526 cr in equities in April
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Last Updated: May 09, 2021, 11:55 PM IST
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Continuing their buying spree for the second straight month, mutual funds invested Rs 5,526 crore in stocks in April with fund managers sensing opportunities after some consolidation in the market.
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Continuing their buying spree for the second straight month, mutual funds invested Rs 5,526 crore in stocks in April with fund managers sensing opportunities after some consolidation in the market. Investment by mutual funds (MFs) in equities will continue in coming months seeing the increase in user growths as multiple fintech players are entering into this space, Kaushlendra Singh Sengar, founder and CEO at INVEST19, said.
Mutual Funds on buying spree for 2nd straight month; invest Rs 5,526 cr in stocks in April
According to SEBI data, MFs had put in a net amount of Rs 5,526 crore in equities in the month of April, much higher than a net sum of Rs 4,773 crore invested in March
Prior to the inflows, mutual funds had been withdrawing money from equities since June 2020, as per SEBI data
Mutual Funds (MFs) infused Rs 5,526 crore in equities in the month of April, continuing their buying spree, with fund managers identifying opportunities after some consolidation in the market.
MF investments in stocks will continue in the coming months and will witness an increase in user growth as several fintech players are entering into this space, Kaushlendra Singh Sengar, founder and CEO at INVEST19 told PTI.
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