Mutual Fund Monthly Review: ICICI Direct
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ICICI Direct Report
Indian equity markets continued to scale new highs in August, 2021 with benchmark headline indices touching new all-time highs after being range bound in the last four to five months.
Midcaps and small caps, which were outperforming, witnessed some profit booking.
The Indian debt markets have been under pressure in the last few months as higher inflation print, rising global commodity prices and expectation of some rationalisation of the current surplus liquidity led to a rise in yields across market segments.
The mutual fund industry assets under management rose by 4.9% in July 2021 to Rs 35.3 lakh crore compared to Rs 33.7 lakh crore from Rs 33.06 lakh crore in June 2021 due to inflows into both equity funds and debt funds.
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