MF investors chase equities, gold, silver in quest for returns

Mutual fund allocations bounced back in India last month, driven by strong retail participation, with investors also seeking out gold and silver funds in the hunt for stronger returns.

- Reuters

Indian equity mutual fund inflows rose 24% to ₹23,587 crore ($2.75 billion), snapping a five-month decline, as investors poured money across segments and turned to gold and silver ETFs in search of returns amid rising global trade uncertainty.

India’s mutual fund industry hit a new record in June, with net assets under management (AUM) climbing to ₹74.41 lakh crore.

The inflows supported the benchmark Nifty 50, which gained 3% for the month, while the small-caps and mid-caps jumped 6.7% and 4%, respectively.