5 Minutes Read
FII flows to India to remain strong, gross inflows to rise, says Sundram Mutual Fund CEO Sunil Subramaniam
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Listen to the Article (6 Minutes)
Summary
Sundaram Mutual Fund’s total assets under management (AUM) for the month of May stood at Rs 25.43 lakh crore as against Rs 25.27 lakh crore in the same period of the previous year. The net inflow was at Rs 516.4 crore versus Rs 458.6 crore the previous year. The month-on-month (MOM) ETF inflow — excluding …
Sundaram Mutual Fund’s total assets under management (AUM) for the month of May stood at Rs 25.43 lakh crore as against Rs 25.27 lakh crore
in the same period of the previous year. The net inflow was at Rs 516.4 crore versus Rs 458.6 crore the previous year. The month-on-month (MOM) ETF inflow — excluding gold, index fund — stood at Rs 2,432 crore versus Rs 4,259 crore outflow.
The net equity inflow inclusive of ELSS for the month of May came in at Rs 5,408 crore as against Rs 4609 crore MoM.
According to Sunil Subramaniam, MD and CEO of Sundaram Mutual Fund, the improvement in net equity inflows would continue despite the pressure owing to the DHFL ratings downgrade. “It would continue because a lot of reallocation would happen from debt to equity segment. Secondly, the election result will give a lot of confidence to people to invest,” he noted.
Talking about gross inflows and redemptions, he said: “Gross inflows are the way you look at fresh people coming in, while redemptions are a separate aspect – existing investors who have been in for a long time are booking profits. So one should look at gross numbers and redemptions separately. The gross number indicates that the confidence is rebounding in the market.”
“As long as gross inflow is a rising number, it indicates health in terms of outlook towards equity market in terms of flows. We have a strong new government in place and people are expecting FII flows to continue strongly because of the US-China trade war. World growth is slowing and liquidity will naturally flow towards the country recording highest growth, which is India,” he observed.
Despite the lower GDP numbers, India is among the fastest growing country in the world, Subramaniam pointed out.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
