Equity MFs see net inflows for second month but Rs 5.6K crore less

Experts blame the Covid wave for the decline in April; redemptions come down

Equity funds witnessed net investor inflows for the second consecutive month in April but the quantum fell sharply compared to March. 

Equity-oriented schemes saw net inflows of Rs 3,437 crore in April against Rs 9,115 crore in March, when flows had turned positive after a gap of eight months, according to the data from the Association of Mutual Funds in India (Amfi). 

Market participants said a smaller tally in April was largely due to the disruption caused by the second wave of the Covid-19 pandemic. They are of the view that the worst is over for equity fund flows as redemptions have