new Delhi. Mutual fund companies have invested Rs 1,230 crore in the stock market during the lockdown. Industry experts believe that mutual fund companies are still waiting for a good opportunity in the market. They are keeping their cash levels high in view of any possible withdrawal by corporate houses.
Vidya Bala, co-founder of PrimeInvestor.in, said, "Going forward the investment of mutual funds in stocks will depend on the inflows received by investors. However, it will be quite challenging, because by the next quarter a large number of retail investors' salaries will be reduced and there will be a risk of losing their jobs. "
According to the latest data from the Securities and Exchange Board of India (SEBI), mutual fund companies have invested Rs 1,230 crore in shares since the lockdown was announced on March 24. In the last week of March, mutual funds invested Rs 6,363 crore in shares, while in April they pulled out Rs 7,965 crore. According to the data, he invested Rs 2,832 crore in May.
Anshu Jain, co-founder and CEO of Ashika Wealth Advisors, said that mutual fund companies are not investing huge amount in shares. They are waiting for a good chance now. Jain said that it could be available to mutual fund companies in two months. He added that apart from this, mutual fund companies are keeping a lot of cash with them, as they may face withdrawal pressure from corporate houses after the lockdown.
This post was published on May 31, 2020 5:31 pm
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