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Below are Perspective on AMFI Data by Mr. Akhil Chaturvedi, Head of Sales & Distribution, Motilal Oswal Asset Management Company Ltd.

“This is the third month of net positive flows, with improvement in net sales at 10k cr and positive across all categories. DII’s and retail investors have kept the markets buoyant in last three months when FII’s have been net sellers, therefore the Indian markets are more broad based now with more participants thereby reducing volatility and vulnerability to sentiments of FII’s alone. Broadly, we understand from the first wave of Covid that the these waves will be short lived and eventually economic activities will revive giving boost to market sentiments. Therefore buying on dips always makes sense and which is what reflecting in the mutual funds sales numbers quite positively.”   

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