Inflows into equity mutual funds dropped to a four-month low of ₹6,108 crore in April amid uncertainty triggered by the COVID-19 crisis, Press Trust of India reported.
The month of April witnessed a relief rally in the markets on the back of measures taken by the government and RBI to boost the domestic economy.
Besides, selective relaxation in lockdown to kickstart economic activity too helped in improving the sentiments. Consequently, S&P BSE Sensex surged by around 14% in April, to register the biggest monthly gain in many years.
Overall, the mutual fund industry witnessed a net inflow of ₹45,999 crore across all segments last month, data by the Association of Mutual Funds in India (Amfi) showed on Friday.
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