Street Signs: MFs raise equity exposure, Jio effect on benchmarks, and more

Shares of RR Kabel were trading at a premium of 25-30 per cent in the grey market ahead of its initial public offering, which is set to open on September 13

Mutual funds raise equity exposure, pull out of debt

Mutual funds (MFs) have invested Rs 14,500 crore in the equity market in the first 23 days of August, indicating a pick-up in net inflows into equity MF schemes. In the first four months of 2023-24, MF investments in equities remained subdued due to profit-booking by investors. On the other hand, they withdrew over Rs 21,000 crore from the debt market during the 23-day period, according to data from the Securities and Exchange Board of India. According to an analysis by CRISIL, the MF sell-off in debt was largely due to