Mumbai, Sep 5
Mutual funds sharply increased their investments in equities in August, with net purchases soaring to Rs 70,500 crore.
This marks the second-highest monthly tally ever, after October 2024, when equity buying had touched a record Rs 90,770 crore.
The report also highlighted the growing role of passive funds, which now account for about 17 per cent of the industry’s total AUM.
Another report by ICRA Analytics last month said that the net AUM of equity mutual funds surged by 335.31 per cent at Rs 33.32 lakh crore in July, up from Rs 7.65 lakh crore in July 2020.