Mutual fund companies raised Rs 2,476 crore in March Thus, for the first time in 10 months, Mutual Funds have seen net inflows in shares. Consolidation in the stock markets has given fund managers the opportunity to invest. Kaushendra Singh Sengar, Founder and CEO of Invest19, said:
According to the Securities and Exchange Board of India (SEBI), mutual funds are continuously running out of stocks before June to March 2020. Harshad Chetanwala, co-founder of MyWealthGrowth, said: “There were some fluctuations in the market in March.
The waiver of interest on interest is Rs 2,000 crore for public banks
Grow co-founder and chief operating officer (COO) Harsh Jain said withdrawal pressure from mutual funds was easing. Despite the second wave of the Kovid-19 pandemic, there has been no major decline in the market. According to SEBI statistics, the mutual fund paid Rs 2,476.5 crore to its shares in March.
In February, mutual funds raised Rs 16,306 crore from their shares. 13,032 crore in January. They sold shares worth Rs 26,428 crore in December, Rs 30,760 crore in November, 14,492 crore in October, 4,134 crore in September, 9,213 crore in August, 9,195 crore in July and Rs 612 crore in June.
