Gross inflows into active equity mutual fund (MF) schemes dipped 34 per cent month-on-month (MoM) — to Rs 25,400 crore — in April as investors applied brakes on lump sum investments amid a sharp upwards movement in the market. Gross inflows for March stood at Rs 38,641 crore. The sharp decline pulled the net inflows to a five-month low of Rs 6,480 crore, shows data released by the Association of Mutual Funds in India (Amfi).
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