MUMBAI: Open-ended equity-oriented
mutual fund schemes saw the highest monthly inflows at Rs 10,796 crore in February this fiscal, even as the
equity markets were hammered following the
Covid-19 pandemic. The equity markets represented by the Nifty 50 fell over 6 per cent during the month. Between February 10 and March 12, the Nifty tanked over 20 per cent. The net inflow into the broad category surged as
investors looked to take advantage of the recent sharp declines in
stocks due to worries that the Covid-19 pandemic may result in a global economic slowdown, Crisil said in a report on Friday.