 "funds, markets, companies, stocks")
The turbulence in the market has had little impact on investor flows into equity-oriented schemes, going by the evidence. In May, equity funds witnessed net inflows of Rs 18,529 crore—the fifteenth straight month of positive flows. They were higher than the 12-month average of Rs 15,442 crore despite a ban on new fund offers (NFOs).
Last month, the domestic markets saw a sharp sell-off due to sustained outflows from foreign portfolio investors (FPIs) as inflation, the disruption caused by the Russia-Ukraine war, and lockdowns in China triggered risk-off bets.
“Gone are the days when investors would redeem the money as markets corrected.