News From Press Top smallcap stocks mutual funds bought most last month

Top smallcap stocks mutual funds bought most last month

Source: Mint Aug 20, 2021

The inflows into equity mutual funds in July surged to a record high as the equity schemes received a net ₹22,583 crore, a meaningful jump from ₹5,988 crore received in June. A sizeable portion of flows were also due to new fund offers (NFOs) as funds collected ₹13,700 crore. Interestingly, the Systematic Investment Plans (SIP) flows continued to rise and came in at a record high at INR 9,609 crore compared to ₹9,155 crore in the previous month.

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