The long-term outlook for these companies is positive
FinTech BizNews Service
Mumbai, November 10, 2023: G. Pradeepkumar, CEO, Union Mutual Fund, has shared a perspective on the Association of Mutual Funds in India (AMFI) numbers: “Equity fund inflows remained strong in October, with a notable reduction in redemptions of 15% compared to September. This resulted in a substantial increase of approximately 44% in net flows into equity funds for the month, highlighting retail investors' enduring interest in equity markets and equity mutual funds. The 2.84% drop in Nifty 50 during October may have contributed to the lower redemption rates. Flows into small-cap and mid-cap funds continued to be robust. If one takes into account the allocations to mid and small caps in categories such as Multicap, Flexicap and Large & Mid Cap, it appears that anywhere from 40% to 50% of the total net flows could have gone to mid and small-cap stocks. While the long-term outlook for these companies is positive, investors should remain cautious about the possibility of short-term market volatility and consider a staggered approach to their investments.”
