Significant Growth in India's Mutual Fund Inflows in July
In July 2023, India's mutual fund industry witnessed a substantial net inflow of ₹2.35 lakh crore, with total assets under management reaching ₹85.76 lakh crore. The growth was primarily driven by debt-oriented schemes, while equity-oriented funds also saw positive inflows. Notably, small-cap funds attracted the highest investments among equity schemes. Despite some outflows in large-cap and ELSS funds, hybrid schemes and ETFs performed well. This article delves into the details of these trends and their implications for investors.
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