 "investment, mutual fund, debenture, money, growth, income")
Equity mutual funds received a staggering Rs 20,000 crore in net investor flows in August, while the overall assets under management (AUM) topped the Rs 20-lakh crore mark. These are highest-ever monthly equity flows and AUM recorded by the domestic asset management industry.
The record flows cemented the belief that the industry is going through a structural uptrend due to improvement in financial savings and dimming appeal of traditional asset classes such as gold and real estate.
The market went through a volatile period in August with several bouts of correction, prompting investors to increase allocation to equities amid decline in stock
