According to new data from India’s securities regulator, the country’s mutual fund industry added more than 57,000 folios each day during July.
Equity funds were particularly successful given the stock market rally.
Balanced funds also continued the positive momentum, receiving net inflows of INR7,864 crore in July.
ETFs that track indices added over 8,000 folios and nearly INR1,753 crore in July.
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