News From Press Stocks mutual funds bought last month as equity inflows surged to record

Stocks mutual funds bought last month as equity inflows surged to record

Source: Mint Aug 14, 2021

Equity mutual funds inflows in July surged to a record high with the equity schemes receiving a net ₹22,583 crore during the month, a significant jump from ₹5,988 crore in June, as stock markets reached to higher levels and new fund offers (NFOs) launched by MF houses contributing to the inflows.

Inflows into equity funds continued with July seeing inflows at ₹8,900 crore (ex-NFOs) compared to inflow of ₹5,800 crore in June.

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