Investors pump Rs 38,239 crore into equity mutual funds in August

Quick Summary:

The inflows were supported by strong collections from new fund offerings (NFOs) and a surge in systematic monthly flows.

Last month, inflows through SIPs went up nearly 1 per cent M-o-M to a new all-time high of Rs 23,547 crore.

The equity market closed with gains in August despite a significant correction early in the month.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Market volatility NFO collections Mutual fund AUM growth Systematic investment plan Equity mutual fund inflows Equity MF schemes Indian mutual funds SIP August 2024 equity schemes Mutual fund investments Equity market gains Equity mutual funds Nifty 50 performance SIP inflows Sectoral and thematic NFOs

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 15:35:48 (13 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 452 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22447376

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