Mutual funds that invest in equity showed a net inflow of Rs 9,115 crore in March
India's equity mutual funds recorded inflows in March after eight months of outflows, industry data showed on Thursday, as investors took advantage of a stock market correction to place bets on equities. Mutual funds that invest in equity showed a net inflow of Rs 9,115 crore in March compared with an outflow of Rs 4,534 crore in February, data published by the Association of Mutual Funds in India (AMFI) showed. Indian stock markets touched record highs earlier this year in a rebound from a market crash that followed the spread of the coronavirus last year.
But key Indian market indices have fallen again as rising bold yields and a surge in coronavirus cases weighed on market sentiment. The benchmark S&P BSE Sensex lost as much as eight per cent during March from a peak it recorded in February, creating an opportunity for investors to pump in funds.