 "Investors pour Rs 12,727 cr in equity MFs in July")
Unperturbed by record market levels, domestic investors poured in a whopping Rs 12,727 crore into equity mutual funds (MF) in July. This is the second-highest monthly inflow recorded by the industry. The average monthly inflows seen by equity schemes in the first half of 2017 was Rs 8,000 crore. For first time, the benchmark Sensex and Nifty had topped the 32,000 and 10,000, respectively, last month.
As of July 31, assets under management (AUM) of the MF sector stood at Rs 19.97 lakh crore, against Rs 18.96 lakh crore in June. Currently, equity AUM for the industry is at highest-ever
