business ๐ Debt funds lead MF bounce back in July
Actively managed equity mutual funds saw a net inflow of Rs 24,697.39 crore in July, down from Rs 28,973.41 crore in June. Debt funds dominated the trend, recording a massive net inflow of Rs 1.87 lakh crore during the same period. Overall industry inflows were Rs 2.35 lakh crore against outflows of Rs 52,948.78 in June. Smallcap funds specifically showed strength with net inflows of Rs 7,767.50 crore. SIP contributions also stayed strong in July at Rs 31,961 crore.