India's equity mutual funds show first inflows after 8 months

Mutual funds that invest in equity showed a net inflow of 91.15 billion rupees ($1.22 billion) in March compared with an outflow of 45.34 billion rupees in February, data published by the Association of Mutual Funds in India (AMFI) showed.

India's equity mutual funds recorded inflows in March after eight months of outflows, industry data showed on Thursday, as investors took advantage of a stock market correction to place bets on equities. Mutual funds that invest in equity showed a net inflow of 91.15 billion rupees ($1.22 billion) in March compared with an outflow of 45.34 billion rupees in February, data published by the Association of Mutual Funds in India (AMFI) showed. Indian stock markets touched record highs earlier this year in a rebound from a market crash that followed the spread of the coronavirus last year.