Street signs: Fund managers bet on UPL, mutual fund industry, and more

Aberration or trend reversal?

The mutual fund industry saw a sharp drop – 60 per cent month-on-month – in equity inflows in March. This has raised doubts on whether this is an aberration or a trend reversal. Sector executives are quick to point out that the low inflow tally is on account of churning of portfolios by investors ahead of long-term capital gains implementation. Meanwhile, some believe investor flows could be tapering amid spike in the volatility. However, high gross sales figure suggest that the drop in inflows could be just an aberration. Gross inflows stood at Rs 391