Business Desk, AnyTV, New Delhi
Published by: Deepak Chaturvedi
Updated Wed, 09 Mar 2022 04:42 PM IST
Summary
1900 Crore Investment In Equity MFs In February: Due to the war between Russia and Ukraine, the markets around the world have been affected. Globally, markets saw a sharp fall due to investor sentiments being affected, but in the meantime mutual fund investors took advantage of this and invested Rs 19,705 crore in February.
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Expansion
Amphi figures surfaced
According to the data of Association of Mutual Funds in India (Amfi), a total investment of Rs 19,705 crore came in equity mutual funds in February. Which was Rs 14,887 crore in the previous January. The maximum investment of three thousand crore rupees has come in flexi cap and sectoral funds. According to the data, investors have pulled out money from the data segment. Out of this, a total of Rs 8,274 crore has been withdrawn. Apart from this, there was a withdrawal of 10 thousand crores from both short duration funds, corporate bond funds.
FPI withdrew money
There was continuous investment by the investors in the month of February. Of these, domestic institutional investors, mostly mutual fund managers, bought shares worth Rs 42,084.07 crore during February as against Rs 21,928.40 crore in January. The special thing is that this investment increased at a time when Foreign Portfolio Investors (FIIs) were withdrawing huge amounts of money from the Indian markets. According to the report, the Sensex fell more than 3 per cent during February, while the BSE Midcap lost more than 5 per cent. The smallcap index fell 8.7 per cent during this period.
AUM increased to 35.56 lakh crores
Meanwhile, the total assets under management (AUM) of the mutual fund industry rose by Rs 31,533 crore to Rs 37.56 lakh crore. It is worth noting that the period of decline in the stock market in February was further aggravated by the ongoing war between Russia and Ukraine. However, in the last two days, the stock market is seeing a boom. On Wednesday, both the indexes of the stock market closed on the green mark. The Sensex closed with a jump of 1223 points, while the Nifty closed with a jump of 332 points. Due to this rally, investors got a profit of about Rs 4.5 lakh crore.