News From Press NBFCs, IT sector biggest draw for equity mutual funds in July, shows data

NBFCs, IT sector biggest draw for equity mutual funds in July, shows data

Source: Business Standard Aug 23, 2023

The information and technology (IT) sector, having experienced a challenging period lately, emerged as one of the top draws for equity mutual funds (MFs) in July. MF schemes together invested a net amount of Rs 1,800 crore in IT stocks last month, following a withdrawal of around Rs 700 crore from the sector in June. This trend is highlighted in an analysis of a report released by ICICI Securities.

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