Retail investors invested over Rs 13,000 crore in mutual funds in June: AMFI

[ad_1] Selling by foreign investors, slowdown in global equities, weakening rupee, rising inflation and Nifty at 52-week low, retail mutual fund schemes saw positive inflows for 16th consecutive month since March 2021, data released by Association of Funders mutual funds in India (AMFI) showed on Friday. The net inflow into such schemes in June stood at Rs 13,338 crore. “The funds raised under retail schemes stood at Rs 40,838 crore as against Rs 27,500 crore during June 30, 2022,” AMFI said in a statement. Equity mutual funds saw inflows of…

AMFI: Adani Power, Chola Invest, BOB may get large-cap tag from AMFI

[ad_1] Mumbai: Stock Like Adani PowerHAL in the upcoming Association of Mutual Funds in India’s semi-annual upcoming reclassification, and is likely to be upgraded from mid-cap to large-cap. IDBI Bank, The brokerage said there is a possibility of a downgrade in the mid-cap category from SAIL, LIFE, and large-cap. amphi Announces reclassification of shares twice a year. The next round is scheduled in the first week of July. Mutual fund managers should consult the AMFI classification to balance their portfolios as per the category requirement. No new inflows or outflows…

Changes in AMFI: Adani Power may soon get the tag of largecap; LIC, HAL also in race

[ad_1] Amfi’s upcoming list of stock classifications is due, which will take into account the January-June 2022 data, a period that saw record FPI outflows and high volatility on Dalal Street. ICICI Securities believes that the types of stocks that will upgrade from small to midcap and midcap to largecap category do not indicate a risky environment as most of them are cyclical and capital-intensive sectors such as financial and industrial are related to. On the other hand, ICICI Securities said some of the downgrades are from growth, quality and…

Amfi data: Equity MF inflows remain strong, investors pump in Rs 18,500 crore in May

[ad_1] New Delhi: Despite market volatility in May, domestic mutual fund investors did not shy away from equities. In fact, they have had the most volatility to add positions, it seems. amphi data Investors netted Rs 18,529.43 crore in equity-oriented funds as against Rs 15,890.38 crore in April, said the release for the month on Thursday. Flexicap funds got the biggest net exposure of Rs 2,938.93 across categories, followed by: large cap fund Which got net Rs 2,485.37 crore. The rise in bond yields led to a net outflow of…