Investors pumped a staggering ₹10,585 crore in equity mutual funds in July, mainly driven by strong corporate earnings and near normal monsoon. With this, total inflow has reached to over ₹43,300 crore in equities during the current financial year (April-July), according to the data from the Association of Mutual Funds in India (Amfi).
Strong inflow pushed the asset base of equity mutual funds by more than 10% to ₹8.3 lakh crore by July-end from ₹7.5 lakh crore at end-March.