Prabhudas Lilladhar
Equity Mutual Funds (including ELSS) reported subdued inflows in April 2019, bringing in Rs 4,850 crore over the month, This is a huge drop, when compared to an inflow of Rs11,756 cr reported in March 2019. Inflows through SIPs remained strong, hitting an all-time high of Rs 8,238 cr in April 2019 versus Rs 8,055 cr in March. AMFI released Monthly Inflow data for Mutual Funds in a new format bringing it in sync with SEBI mandated mutual fund categories. Aggressive Hybrid Funds and other equity-oriented hybrid schemes, erstwhile categorized as Balanced Funds, continued to report an outflow, for the fourth consecutive month. Despite the strong inflows into mutual funds, as per SEBI data, Mutual Funds were net sellers of stocks for the second consecutive month, selling as much as Rs 4,920 cr over April 2019, versus an outflow of Rs 6,438 cr in March 2019....
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