Open ended equity mutual funds witnessed inflows of ₹8,637 crore in June 2023 while inflows via SIPs stood at ₹14,734 crore, 20% higher than previous year. The net Asset Under Management (AUM) of the overall mutual fund industry stood at ₹44.39 Lakh crore.
Wholesale Price Inflation (WPI) contracted to a 3-month low of 4.12% in June 2023, from a contraction of 3.48% in the previous month, while retail inflation increased to 4.81% in June 2023 from 4.25% in the previous month.
Shares of Cyient DLM and Senco Gold got listed at a premium of 52% and 36% respectively, while the IPO of Utkarsh Small Finance Bank got oversubscribed by 111 times.
Navi MF, Bandhan MF and Kotak MF have launched the NFOs for Navi Overnight Fund, Bandhan Financial Services and Kotak Quant Fund. The NFOs closes on July 14, July 24 and July 26 respectively.
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