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Equity mutual funds record first net inflows in nine months
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Last Updated: Apr 09, 2021, 09:38 AM IST
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Synopsis
Inflows into equity funds at ₹9,115 cr in March driven by categories like ELSS, sectoral, focus and flexi-cap funds; collections via SIPs at ₹9,182 cr, up from ₹7,528 cr in Feb
Is it the traditional March effect one that makes the average saver unusually generous toward tax-saving equity packages ahead of the FY-end deadline? Or does this reflect newfound optimism in India’s growth-revival story? Regardless of the votes in favour of either explanation, this crucial data set can’t be ignored: The first positive inflow into equity funds after eight months.