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SIPs, debt and fixed income funds drive mutual fund AUM to ₹64.7 L cr
The New Indian Express
|August 10, 2024
DESPITE around 9% fall in equity fund inflows, a still roaring SIP book, which hit a fresh record high of 23,332 crore along with inflows into other categories boosted total assets under management (AUM) of mutual funds by 6% to 64.69 lakh crore in July as against ₹60.89 lakh crore in June.
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While inflows into equity funds declined by 8.61% to ₹37,113.4 crore in the reporting month due to a fall in investments in large-cap and mid-cap funds, the SIP book roared to a new record high of 23,332 crore along, shows the monthly data from the industry lobby Amfi (Association of Mutual Funds of India) on Friday. As against this in June, inflows into equity mutual funds had surged by 17% to ₹40,608.19 crore, a record high.
Cette histoire est tirée de l'édition August 10, 2024 de The New Indian Express.
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