Importance of mutual funds has increased in lockdown, says AMFI chief, reveals where people are investing
N. S. Venkatesh, Chief Executive Officer (CEO) at The Association of Mutual Funds in India (AMFI) says that the trend in mutual fund investment is positive and revealed that the total inflows are Rs 47000 cr in April 2021. He said that liquid funds and overnight funds are contributing nearly Rs 1 lakh cr in the month of April. He said that Equity flows continue to remain positive, last month also it was positive and this month also it is positive. He said that some people are taking Thematic Fund positions too
Venkatesh said that there has been a Redemption of Rs 22000 cr in Fixed Term plans, the maturity in those plans are over, so people have withdrawn money from those plans: Zee Business