Bullish indicating open at $55-$60, IPO prices at $37
Investing.com -- India’s equity inflows excluding ETFs reached an all-time high of Rs496 billion in July, significantly up from Rs275 billion in June.
Systematic Investment Plan (SIP) flows also set a new record at Rs285 billion in July, compared to Rs273 billion in the previous month. Non-SIP inflows saw a dramatic increase to Rs211 billion in July, a substantial jump from just Rs2 billion in June.
Exchange-traded fund (ETF) inflows rose to Rs68 billion in July from Rs19 billion in June.
The cash position for equity funds declined to 5% as of the end of June, representing a decrease of 44 basis points month-on-month.
In the fixed income market, short-duration funds attracted substantial inflows of Rs1067 billion in July, while medium- and long-duration funds reported inflows of Rs70 billion.
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