AMFI data for February 2020 showed that net inflows into open ended mutual funds surged to ₹10,796 crore, highest since March 2019. Large cap funds, multi-cap funds, mid-cap funds and small-cap funds saw net inflows in the range of 1,400 to 1,600 crore, similar to the flows they received in Jan 2020. However sectoral/thematic funds witnessed a large jump from just ₹3.8 crore in Jan 2020 to ₹1,928 crore in Feb 2020, some of it due to new launches in February. Gold Exchange Traded Funds (ETFs) saw a huge jump in net inflows from ₹202 crores in Jan 2020 to ₹1,483 crores in Feb 2020. “The surge in equity scheme inflows is very heartening to see. People have bought more, even as the market has dipped. There's buying in both large and mid-cap funds, quite contrary to the notion that large cap is not delivering value and hence avoided by investors," said Swarup Mohanty, CEO, Mirae Asset Mutual Fund.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
Read More