MUMBAI, 8th JULY, 2020 (GPN): Speaking on the JUNE 2020 Mutual Fund Monthly data and market perspective, Mr. Sachin Shah, Fund Manager, Emkay Investment Managers Limited, Said, ‘‘ There has been an overall slowdown in the equity inflows, but the Gross Inflows for the month were at Rs13,000cr+ whereas the jump in redemptions to also nearly Rs13,000cr+ is what is making the Net Inflow data look neutral. At least till last month SIP number was steady at Rs8,000cr+ and I would like to believe it would remain steady around that number, simply because it’s very granular at nearly 3.2cr SIP accounts, so discontinuing of few thousand SIPs will also not reduce the overall SIP inflow significantly. We have seen markets bouncing-back by nearly 30%+ in the last three months. From here on markets may trade in a narrow trading zone of +/- 5% for a quarter or so and then probably take the next direction after seeing the pick-up in the economy during the festivals season. In the post-COVID business environment, some of the businesses that are relatively better-off are Telecom, Pharma, IT Services and Insurance businesses. In the last few weeks, we have observed significant higher activity in the markets from the retail investors and at the same time activity in a lot of penny stocks has also gone up. It will be very prudent for retail investors to not get lured into short-term gains from speculative penny stocks.’’ ENDS