The dampening of investor sentiment in the wake of Franklin Templeton’s decision to wind up six debt schemes, coupled with a slowdown in the economy, spilled over into equity schemes, which saw net flows falling 47 per cent in April, even as the benchmark indices posted the biggest monthly gain since 2009.
Industry data shows this was the sharpest dip in equity flows in 12 months. In April, net flows shrank to Rs 6,212 crore, as against Rs 11,722 crore in the previous month. “The winding up of schemes from the fund house has had an overall impact on the sentiment