Choice AMC’s Jain says mutual fund inflows cannot lift markets alone
In short
Manish Jain of Choice AMC said mutual fund inflows by themselves are not enough to push the market higher. The summary says domestic money can support the market, but it does not set the top.
This matters for investors watching whether local fund buying can keep stocks up. The reporting does not say which market or date he was referring to.
What the reporting says
Manish Jain, deputy CEO of Choice AMC, said mutual fund inflows are not sufficient to lift the market alone. The publisher-supplied summary says he argued domestic money only sets the floor, not the ceiling. No numbers, timing, or market move were provided. The immediate implication is that local fund flows may support declines, but the reporting does not establish what other drivers were being discussed.
Why it matters
Manish Jain, deputy CEO of Choice AMC, said mutual fund inflows alone are not enough to lift markets, according to the publisher summary. He said domestic money can set a floor but not a ceiling. The comment is relevant for investors trying to gauge whether steady local inflows can sustain broader equity gains. No market level, date, or specific index move was stated.