A granular way to track mutual funds action is to evaluate the portfolio shifts of large fund houses based on equity AUM.
SIP flows had tapered slightly in February 2023, but as we had written last time, that was more due to the fewer number of days in February.
For March 2023, inflows into active equity funds were 31% MOM at Rs20,534 crore.
The quarter ended March 2023 marked the sixth consecutive quarter when active funds saw net outflows.
The monthly AMFI flow report put out each month is not just about the rupee flows but also the accretion of folios.
Strong, all-round performance expected from the Bank
The scheme will invest in silver and silver related instruments.
The Board of Directors of Britannia has announced n Interim Dividend of Rs 72/share of the face value of Re 1 each.
Recommendation: Buy; Target price: Rs 3,600
Uttam Tibrewal also has been re-appointed as the whole-time director.
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