Quote on AMFI Data by Dr. Vikas Gupta, CEO & Chief Investment Strategist at OmniScience Capital
Below the Quote on AMFI Data by Dr. Vikas Gupta, CEO & Chief Investment Strategist at OmniScience Capital
“Flexicap category had increased inflows compared to last month while most other equity categories had lower inflows and overall equity inflows were also lower. The investor and advisor/distributor conviction in specific categories, like large, mid or smallcaps seems to be reducing. Further, overall confidence in equity mutual fund seemingly decreased as flows decreased significantly and switched to arbitrage funds. Thus, a small, though significant segment of investors are probably uncertain about the outlook for equities. They continue to allocate to multi asset funds, but the flows towards gold are also reducing compared to the previous month. The general reading from the fund flows data shows that overall investors remain confident of equities and continue allocating large amounts to equities, however, some investors feel less confident and are allocating to debt-oriented schemes like artbitrage, multi asset, and corporate bond funds and also to gold. Interestingly this is happening in tandem with a significantly sustained upmove during October.”
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