MUMBAI : Retail and institutional investors pumped money into Indian equities though stock markets saw one of the worst performances in March.
Net inflow into equity mutual funds (MFs) was at a 17-month high in March, at ₹12,175.04 crore, according to data released by the Association of Mutual Funds in India (Amfi) on Thursday.
This is a rise of 12.05% from the ₹10,865.49 crore of the previous month and 3.56% from the inflow of March last year. The flow of money into equity mutual funds came in a month when stock markets around the globe had slumped because of the outbreak of covid-19, while Indian benchmark indices lost 23%.