Economic TimesLean R·
Mid & smallcaps turn the tide for equity mutual fund flows
Mumbai: Equity mutual fund inflows surged more than a quarter in June, after having retreated to a 12-month low in May, as robust gains in mid- and small-cap stocks encouraged retail investors to pump more money into these plans.Investors poured ₹28,973 crore into equity plans in June, up 26% from May's ₹22,908 crore, data from industry body AMFI showed. Equity mutual fund inflows had fallen 40% in May - to their lowest level in a year - as investors scaled back fresh lump-sum allocations amid …
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