The data on mutual funds, released by Association of Mutual Funds of India (AMFI) on Monday, showed a rebound in the equity inflows, highest since October 2018.
In an interview with CNBC-TV18, Sunil Subramaniam, MD and CEO of Sundaram Mutual Fund and Swarup Mohanty, CEO of Mirae Asset Global Investment, discussed the details.
Subramaniam said that positive sentiment has driven the flows in. “A lot of smart money has moved into specifically mid and smallcap funds in the last month,” said Subramaniam.
Swarup said, "We don't think investors should read much into the small blip on systematic investment plan (SIP) front."
“SIP investors, in the last month, would have seen a huge upside due to the upward correction in the market and I do not think the SIP figures will look back. I was surprised with the blip,” he added.
According to him, liquid fund outflow is lower than estimated given that it's the end of the financial year.