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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