Equity mutual fund inflows dropped in September as investors paused lump-sum investments amid market uncertainty. However, monthly SIPs reached a new high. Gold and silver ETFs experienced a surge in demand, attracting substantial investments. Debt funds saw outflows, largely due to tax requirements. Hybrid funds also recorded lower inflows compared to the previous month.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.