MUMBAI : Net inflows into equity mutual fund schemes surged to a record high in July, as stock markets defied elevated valuations to reach higher levels during the month. “The trend of positive inflows into equity mutual funds has continued for the fifth consecutive month. View Full Image Massive JumpNew fund offers (NFOs) launched by mutual fund houses during the month also contributed to the high net inflows into overall equity schemes. “Momentum continues in passive products, albeit led mainly by overseas funds and funds of funds investing overseas," he said. Taking a cue, retail investors too are participating in the equity rally, largely through mutual fund SIPs, on a continued rising quantum at record levels."

Source: Mint August 09, 2021 11:03 UTC