ICICI Direct: Mutual Fund Activity Report For July 2020

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy

ICICI Direct

Inflows into equity funds declined substantially to a four year low of Rs 241 crore in June 2020 from Rs 5,257 crore in May 2020. ICICI Direct believes few investors seem to have used the recent rally to reduce equity exposure amid continued Covid-19 related lockdown.

While SIP inflows moderated, they remained strong at Rs 7927 in June compared to Rs 8123 crore in May

Click on the attachment to read the full report :

IDirect_Mutual Fund Activity Report _Jul20.pdf

Read Document

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.