Equity mutual funds rebounded in June with net inflows of ₹23,587 crore, a 24% increase from May, fueled by flexi-cap, mid-cap, and small-cap schemes. SIP contributions reached a record ₹27,269 crore, driving retail flows. Despite debt fund outflows, the industry’s AUM hit a new high of ₹74.41 lakh crore, reflecting positive investor sentiment amid market gains.
Raymond Q2 Results: Net profit jumps 130% YoY to Rs 32 crore, revenue rises 24%
Raymond reported a 130% year-on-year jump in consolidated net profit to Rs 32 crore in Q2 FY27, while revenue rose 24.1% to Rs 655 crore.