
Liberation from equity schemes also increased, up 4.69% from a month ago to Rs 12,173.81 crore. In July last year, redemption amounted to 28 11,628 crore.
Market sentiment was shaky in July due to a proposal for the Union Budget on July 5 and a liquidity crunch due to slowdown in consumer demand, slowing demand, elusive corporate earnings and the onset of monsoon. However, domestic institutional investors (DIIs), including mutual funds and insurance companies, pumped in Rs 20,394.52 crore in equities, the highest monthly infusion in 2019. Foreign institutional investors (FIIs) worried about the tax surcharge on the super rich were worth $ 1.93 billion in July.
During the month, inflows from systematic investment plans (SIPs) increased marginally. The total amount raised by SIPs in July was Rs 8,324.28 crore compared to Rs 8,122.13 crore in June. In July last year, SIP collected ₹ 7,553.84 crore. SIPs allow people to invest in a mutual fund scheme periodically.
NS. Amfi chief executive Venkatesh said, “Despite the tough month and volatile market conditions, overall sentiment towards debt debt, equity and hybrid mutual fund schemes has been positive, and equity SIP contributions have been at an all-time high over the past three years. It outlines the signs of the maturity of retail investors and reflects continued investor confidence in the Indian mutual funds industry. ”
*From various Sources