After a buoyant 2017, the current year has been a rather volatile one for D-Street. Benchmark indices have corrected around 10 per cent off their highs, even as it witnessed bouts of rally. And the first casualty seen in this environment has been on the part of investors into mutual funds as redemptions have risen.
According to the data from Association of Mutual Funds in India (AMFI), net inflows into equity funds have more than halved in March to Rs 6,600 crore from Rs 16,270 crore in February.
A few fund managers believe that data for March is usually not reflective of the general, persistent trend, but are confident of overall steady trends.
