News From Press ELSS mutual fund inflows drop over 48% in July: Should you invest?

ELSS mutual fund inflows drop over 48% in July: Should you invest?

Source: Mint Aug 10, 2022

According to monthly data issued by the Association of Mutual Funds in India, net positive inflows to equity mutual funds decreased by 42% in July to ₹8,898.25 crore from ₹15,497.76 crore in June 2022. ELSS funds, the most popular investment choice for tax deductions under section 80C, fell by 48 per cent in terms of positive inflows from ₹640.06 Cr in June to ₹327.85 Cr in July under the equity mutual fund category.

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