India Equity Fund Inflows Hit Five Month High
Indian equity mutual funds recorded inflows of 383.07 billion rupees in September as domestic retail investments and systematic plans cushioned the market against foreign outflows and a broader price slide.
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Inflows into equity mutual funds in India rose to a five-month high of 383.07 billion rupees ($4 billion) in September, driven by record domestic investments. The surge occurred despite a broader market selloff and sustained foreign selling. Domestic investments have now drawn net inflows for a record 67 straight months, providing a vital cushion against global volatility.
