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Below the Quote on AMFI Data by Vaiibhavv Chugh, CEO, Abakkus Mutual Fund

‘The interest in equity markets and investment products continues. Though the markets have been volatile because of geo-political situation however the investors have become more aware about valuation corrections and thus SMID continue to attract flows. The flows in hybrid, Gold ETFs reflect that investors want to simultaneously hedge portfolios, which in general is a way to hedge against global volatility. However, after a massive January Gold ETF flows, it appears that some money is rotating back to equities because of equity price corrections. The overall AUM has crossed 82000 Crs, a testament to the deepening of financialization of Indian savings. Despite February having fewer days which slightly impacted the SIP, the underlying sentiment remains robust with folio growth.’

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