Inflows into equity mutual funds (MFS) continued their strong momentum in July, despite the market volatility triggered by the Union Budget. Active MF schemes received ₹37,113 crore, the secondhighest monthly inflows ever, after attracting a record ₹40,608 crore in June.
Systematic Investment Plan (SIP) contributions reached an all-time high of ₹23,332 crore, indicating continued financial discipline among retail investors.
"Mutual funds have become an integral part of retail investors' financial strategies, helping them build wealth systematically over time," said Venkat Chalasani, chief executive officer (CEO) of the Association of Mutual Funds in India (Amfi).
The surge in inflows coincides with a rush of new fund offerings (NFOs), particularly in the thematic space.
Active equity NFOs collected ₹37,668 crore in the past three months, accounting for a third of aggregate flows during the May-July period.
Diese Geschichte stammt aus der August 10, 2024-Ausgabe von Business Standard.
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