Equity Mutual Funds logged one of their best monthly inflows in July, buoyed by the success of New Fund Offerings (NFO’s) launched to tap positive investor sentiment towards the equity markets.
ICICI Prudential Flexicap Fund garnered ₹9,808 crore, touted to be the highest ever inflows in such funds. As a category, flexi-cap funds saw a net inflow of ₹11,508 crores in July, showed Amfi data.
Inflows into Arbitrage funds witnessed a sharp increase at ₹14,924 crore, from the ₹9,060 crore that came in June 2021
In the Debt category, the biggest inflows came from liquid funds and money market funds.
Credit-risk funds saw a net inflow for the third straight month in July.
For all this and much more, please go through our Report: “Mutual Fund Flows-July 2021”