There are considerable gains in both equities as well as fixed income, said Vishal Kapoor, CEO of IDFC AMC, on Tuesday.
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April mutual fund data shows a net equity inflow of Rs 1,783.1 crore versus Rs 7,376.1 crore month on month.
Speaking in an interview with CNBC-TV18, he said, “There are considerable gains in both equities as well as fixed income and at an aggregate level the industry has gained almost 1 crore of assets. So nice bump up in a month.”
“However, month on month there is a slight dip, but need to keep in mind the overall business as well as investor sentiment in April. We were and have been in the middle of a full-blown pandemic with a lot of distribution effort as well as personal finance investment type decisions been relegated and given all of that to have net equity inflows in a month like April would still be, to my mind, a fairly positive picture,” he said.
For the entire interview, watch the video