Equity Funds net inflows goes down
The net outflow in equity funds during March and April was Rs. 1,200 crore while the net inflows in ETFs and gold ETFs was Rs. 1,386 crore. A number of AMCs are keen to launch passive funds like ETFs rather than active funds as they want to tap other channels of distribution, a top official from an AMC informed Cafemutual.
“Since investors don’t expect equity funds to deliver good returns, many of them are looking at ETFs and gold ETFs. Retail investors invest when the market is high without realizing the fact that it is not the correct time to invest,” said Mukesh Dedhia of Ghalla Bhansali Securities Pvt Ltd.
“There are a number of gold funds coming in the market so we will see more money flowing in this asset. Due to various reasons, investors are redeeming from equity funds which is reflected in the outflow numbers of equity funds,” said Amar Pandit of My Financial Advisor.
“The gold ETFs are now getting popular as is evident from the increased sales,” said Rajan Mehta, Executive Director, Benchmark AMC.
