News From Press Lump sum flows into equity mutual funds slow as stock rush amid pandemic worries investors

Lump sum flows into equity mutual funds slow as stock rush amid pandemic worries investors

The Nifty has risen about 33% since March 23, when the index hit a low of 7,511. The sharp rebound has taken investors by surprise.

The Economic Times Jun 10, 2020

Lump sum flows into mutual fund equity schemes slowed in May compared to the previous month, as investors kept to the sidelines following the unexpected rally in the market. In debt schemes, investors preferred the safer categories such as liquid and banking and PSU debt funds after the Franklin Templeton fiasco dashed appetite for products with higher returns. In equity schemes, lump sum flows fell to Rs 5,256 crore in May from Rs 6,123 crore in April.

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