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Open ended equity mutual funds witnessed inflows of Rs 8898 crore in July 2022. The net Asset Under Management (AUM) of the Mutual Fund industry stood at Rs 37.53 lakh crore.
SIP inflows for the month of July stood at Rs. 12,139 Cr, which fell marginally as compared to Rs. 12,275 Cr inflows in the month of June. Total number of SIP folios jumped to Rs. 5.61 crore in July 2022 from Rs. 5.55 crore in June.
Consumer Price Index (CPI) Inflation rate eased to 6.71% in July 2022, down from 7.01% for the previous month.
JM MF & Navi MF have launched the NFOs for JM Short Duration Fund and Navi Nifty India Manufacturing Index Fund. The NFOs closes on August 22 and August 23 respectively.
Index Returns
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Data Source: NSE, BSE & Kuvera.in
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This market update was initially published by Livemint.
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