Equity Income Reaches Rs 15,890 Crore In April, Despite Market Change -by Ecork

Equity equities forecast positive positive for the 14th straight month in April

New Delhi:

Keeping a positive impact for the 14th straight month, real estate attracted an average of Rs 15,890 crore in April amid high volatility in stock and regular sales by foreign portfolio investors.

This is very small compared to the total network revenue of Rs 28,463 crore seen in the previous month, data from the Association of Financial Institutions in India (AMFI) showed on Tuesday.

The small amount of network revenue from last month can be attributed to investors who are more cautious about the ongoing challenges facing the investment community, said Himanshu Srivastava, Managing Director – Executive Research, Morningstar India.

Akhil Chaturvedi, Chief Marketing Officer, Motilal Oswal AMC, said it would be interesting to see ongoing investment trends, for the intensity of the very high volatility, and expect a positive trend to continue further though.

Equity shares have been entering the network since March 2021, after the second wave of COVID-19 led to a resurgence in markets, reflecting positive sentiment among investors.

Prior to this, such schemes had guaranteed regular payments for eight months from July 2020 to February 2021, losing Rs 46,791 crore.

All equity-based sectors received net revenues in April with the sector / capital expenditure being the biggest gain with a net flow of Rs 3,843 crore. The segment also saw the launch of a new fund – the ICICI Prudential Housing Opportunities Fund, which covers Rs 3,130 crore.

This is followed by a large budget- and mid-cap and testifies on a combined total of Rs 2,000 crore.

“With the change in markets and the fear around macros globally and locally, it is a good tradition to see positive trends continue in the markets. Positive,” Chaturvedi said.

Monthly SIP contribution (Sistematic Investment Plan) dropped to Rs 11,863 crore in April compared to Rs 12,328 crore in March.

However, the number of SIP accounts remained high at all times in April at 5.39 crore. During the month under review, SIP 11.29 lakh accounts were added.

Apart from equities, part of the debt saw a net profit of Rs 69,883 crore in April after posting a net output of Rs 1.5 lakh crore last month.

In particular, the gold exchange traded net worth of Rs 1,100 crore in the review month.

In total, the co-financing company recorded a net profit of Rs 72,846 crore last month as compared to a net loss of Rs 69,883 crore in March.

“It has been a good start to the new fiscal year (FY23) with network flows for total investment proposals in the positive region and continuing positive equity flows for 12 consecutive months. Despite the market change in April 2022, the retail investor’s reliance on the cooperative financial sector continues to grow, ”said NS Venkatesh, Chief Executive Officer, AMFI.

The flow of total assets under the control of the company to the all-time high of Rs 38.89 lakh crore at the end of April from Rs 37.7 lakh crore at the end of March.

Going forward, cooperative investors continue with the SIP status of investments in the equity group, and also made their savings in more debt to short-term proposals due to a recent increase in rates by RBI, Venkatesh tell.

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