Equity MFs log record inflows in July buoyed by great show by NFOs

Investors pour Rs 22,583 cr in equity schemes even as markets hit new highs

Equity mutual funds (MFs) logged one of their highest monthly inflows in July buoyed by the success of new fund offers (NFOs) launched to tap into the positive investor sentiment towards the equity market which are hovering around lifetime highs.

Equity-oriented schemes saw net inflows of Rs 22,583 crore, most since at least August 2017 when inflows were Rs 20,362 crore. (Like-to-like data for the earlier period isn’t available since the reporting structure was changed.)

Asset management industry mobilised around Rs 13,709 crore through new offerings last month steered by ICICI Prudential Flexicap NFO, which collected Rs 9,808 crore.

Existing