Investors’ confidence started returning, invested heavily in equity mutual funds

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According to data presented by the Association of Mutual Funds in India (AMFI), an association of mutual fund companies, on Wednesday, the net inflow stood at Rs 10,082.98 crore.




Mutual Fund Latest News: During the month of May, a net investment (net inflow) of more than Rs 10 thousand crore has been recorded in equity-linked mutual fund schemes. According to data presented by the Association of Mutual Funds in India (AMFI), an association of mutual fund companies, on Wednesday, the net inflow stood at Rs 10,082.98 crore. According to AMFI data, earlier in April, there was a net inflow of Rs 3,437 crore into equity-linked mutual fund schemes and Rs 9,115 crore in March.

Whereas in February, the net outflow of equity-linked mutual fund schemes was recorded at Rs 4,534.36 crore. Further, the data shows that the AUM of the mutual fund industry has risen to a record high of Rs 33.05 lakh crore. After the recent data has come out, it can be said that the trust of investors in mutual funds affected due to the coronavirus epidemic is now returning.

Equity indices in green, metal stocks rise

Major Indian equity indices traded on a positive note on Thursday morning as the BSE Sensex reclaimed the 52,000 mark. During this, good buying was seen in metal and healthcare stocks. At around 10.10 am, the Sensex was trading at 52,094.60 with a gain of 152.96 points or 0.29 per cent from its previous close of 51,941.64. It opened at 52,143.90 and has touched an intra-day high of 52,152.55 and a low of 51,957.92 so far. On the National Stock Exchange, Nifty 50 was trading at 15,689.70, up 54.35 points or 0.35 per cent from its previous close.

Manish Hathiramani, Technical Analyst, Deen Dayal Investments said, “After facing some resistance yesterday, the index is trading above 15,600 levels this morning which is a positive sign. This area is a good support zone for Nifty and we will continue to see bullish momentum. “From here onwards, a bounce can take the index to the level of 15,900-16,000. Top gainers in the Sensex were ITC, Bajaj Finance and Tech Mahindra, while major losers were Bajaj Auto, Asian Paints and Maruti Suzuki India. -input IANS

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Article first Appeared on Informalnewz

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