INSUBCONTINENT EXCLUSIVE:
Equity inflows were witnessed for the fifth straight month in July 2021, says mutual funds dataFor the fifth straight month, equities
equity inflows stood at Rs 20,742.8 crore in July 2021 compared to Rs 4,608.7 crore in June 2021, according to the AMFI data
New Fund Offers or NFOs contributed Rs 13,709 crore during July 2021.The number of systematic investment plan (SIP) accounts outstanding
were at 4.17 crore in July 2021 as compared to 4.02 crore in June 2021
The contribution from SIPs stood at Rs 9,609 crore in July compared to Rs 9,156 crore in the previous month.Arbitrage funds got inflows of
Rs 14,924 crore in July 2021.Exchange traded funds (ETF) investing in gold saw net outflows of Rs 61 crore compared to net inflows of Rs 359
crore."RBI's accommodative stance, healthier earnings growth, vaccination-driven steady containment of Covid pandemic and global and
domestic liquidity is driving the equity markets to historic highs
Taking the cue, retail Investors too are participating in the equity rally, largely through Mutual Fund SIPs, on a continued rising quantum
