AMFI: Equity inflows plunged more than 7% in Oct 2019
Dec 10 2019
News Category: Industry Update
As per data reported by Association of Mutual Fund in India (AMFI) for Nov 2019, net inflow in equity-oriented schemes (both open-ended and close-ended) declined nearly 85% to Rs. 933 crore. That compares with Rs. 6,015 crore in Oct 2019. Though inflows in large cap funds remains nearly steady, net inflows in mid cap and small cap funds reduced substantially. While value funds and sectoral funds witnessed net outflow to the tune of Rs. 1,592 crore. Investors were seen to book profits amid a rising market.