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ICICI Direct: Mutual Fund Activity Report - August 2020

ICICI Direct: Mutual Fund Activity Report - August 2020

A coin is dropped into a piggy bank in this arranged photograph (Photographer: Ron Antonelli/Bloomberg)
A coin is dropped into a piggy bank in this arranged photograph (Photographer: Ron Antonelli/Bloomberg)

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 Report

Highlights:

Equity funds witnessed outflows for the first time in four years in July 2020 at Rs 2480 crore.

Few investors seem to have used the recent rally to book profits/reduce equity exposure as gross inflows remain stable while redemption increased in the last two months.

While systematic investment plan inflows moderated, they remained strong at Rs 7831 crore in July compared to Rs 7927 crore in June.

Click on the attachment to read the full report:

ICICI Direct MFActivity Aug20.pdf

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