Inflows into India’s equity mutual funds hit a record high in August, industry data showed, as a soaring stock market and low-interest rates drove confidence among investors despite warnings of a potential third wave.
The net equity inflow for August stood at Rs 24,392.2 crore as against Rs 20,742.8 crore in July. At the same time, the liquid fund outflow stood at Rs 714.1 crore against the inflows of Rs 31,740 crore.
To be updated.
First Published: Sep 08, 2021, 01:40 PM IST