Equity mutual funds: Inflows dip 25% MoM in August; NFO activity sees sharp drop
Equity mutual fund inflows, including hybrid schemes but excluding arbitrage, in August this year fell to Rs 424 billion, marking a 25% month-on-month and 8% annual decline, as per a JM Financial report.The fall was driven largely by a thinning new fund offering (NFO) pipeline, which accounted for 61% of the Rs 142 billion MoM…
