 "mutual funds")
Equity mutual funds (MFs) received net inflows for the six consecutive months in August, however, the magnitude of flows slowed compared to the previous month.
The data from Association of Mutual Funds in India (Amfi) showed equity-oriented schemes saw net inflows of Rs 8,667 crore in August as against a record Rs 22,584 crore in July, a drop of nearly 62 per cent.
Industry observers said inflows into equity schemes over the past few months have propelled on account of huge collections in certain new fund offerings (NFOs). Sticky inflows through systematic investment plans (SIPs) too has lent stability to
