With the Sensex crossing the 80,000 mark and Nifty over 24,000, investors are happy that the market has vindicated their faith in equities. The past few months have witnessed a deluge of inflows in equity funds. In the first six months of this year, Rs.3.93 lakh crore has been the net inflow in open-ended mutual funds. In June, SIP inflows crossed Rs.21,000 crore.
Sector Watch: AMCs seek parity between ULIPs, equity mutual funds from Budget 2024
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