Inflows to equity funds slow down in July; MF mart logs Rs 87,088 cr flow
Net equity flow stood at Rs 8,112 crore in July against Rs 7,663 crore in June.
NEW DELHI: Domestic mutual fund industry saw a net inflow Rs 87,088 crore during July against an outflow of Rs 1,59,814 crore recorded last month, data from industry body Amfi showed on Thursday.
Net equity flow stood at Rs 8,112 crore in July against Rs 7,663 crore in June.
Total AUM remained mostly flat, while there was a dip in flows to equity funds, which saw Rs 7.05 lakh crore inflow against Rs 7.20 lakh crore last month, mainly due to the weakness in equities owning to domestic and global headwinds.
On Thursday, benchmark Sensex and Nifty closed with robust gains, buoyed by reports that the government was mulling the option of doing away with the income-tax surcharge on foreign portfolio investors (FPIs), mainly those registered as trusts.
Sensex ended the day 637 points, or 1.74 per cent, higher at 37,327, while Nifty ended 177 points, or 1.63 per cent, up at 11,032.
Net equity flow stood at Rs 8,112 crore in July against Rs 7,663 crore in June.
Total AUM remained mostly flat, while there was a dip in flows to equity funds, which saw Rs 7.05 lakh crore inflow against Rs 7.20 lakh crore last month, mainly due to the weakness in equities owning to domestic and global headwinds.
On Thursday, benchmark Sensex and Nifty closed with robust gains, buoyed by reports that the government was mulling the option of doing away with the income-tax surcharge on foreign portfolio investors (FPIs), mainly those registered as trusts.
Sensex ended the day 637 points, or 1.74 per cent, higher at 37,327, while Nifty ended 177 points, or 1.63 per cent, up at 11,032.