India’s equity mutual fund inflows rise after 2-month lull on earnings, US trade deal
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In February, inflows into Indian equity mutual funds increased by 8.1% month-on-month to 259.78 billion rupees, marking the first rise in three months, driven by stabilizing earnings and a U.S. trade deal. However, systematic investment plan inflows fell to 298.45 billion rupees. Investments in gold ETFs dropped significantly. Foreign investors turned net buyers, purchasing shares worth 226.15 billion rupees, despite offloading IT stocks. The trade deal reduced tariffs on Indian goods, enhancing market access for agricultural products.
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