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AMFI Data : July seems to be month where investors has taken some profits off as markets went up Says Mr. Akhil Chaturvedi, Motilal Oswal AMC
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Below is Perspective on AMFI Data by Mr. Akhil Chaturvedi, Chief Business Officer, Motilal Oswal Asset Management Company
“July seems to be month where investors has taken some profits off as markets went up, the net sales in equity has plummeted to 8898 cr Vs. 15497 cr, momentum was coming down all through last few months as the markets were correcting but July was a steep fall and excluding SIP numbers, we might have witnessed actual net negative sales in July. Even the hybrid category has slowed down with both dip on gross sales and higher redemptions. We are seeing markets recovering and FII returning although early days to say that this trend will be consistent but if it is then I hope for the retail investors confidence return once again.”
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