SIP flows slow down in June | Nilesh Shah to ET NOW
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The COVID-19 outbreak has now started to impact on the mutual funds' industry. Extended lockdowns, job loss, and pay cuts have adversely impacted the inflows into various mutual fund categories. The total inflow declined has due to ₹ 44000 Crores outflow from liquidity funds. It has dipped for the third time in a row in the last three months and this has been the lowest equity flow in the last two years. The SIP book has also declined for the third month in a row. The net inflow during H1 is at ₹ 295050 crores. Nilesh Shah from Kotak AMC gives his views on the declining inflow in Mutual Funds especially in the month of June, says ‘We need to focus on quality stocks and not cheap stocks. There are several reasons for flows to dip significantly in June. Fewer firms are hitting all-time highs now in comparison to 2000 and 2008’. Listen in! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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