Investors continued to pour money into equity mutual funds in August, with inflows reaching ₹38,239 crore. Systematic investment plans (SIPs) also saw a record high of ₹23,547 crore. Debt funds attracted ₹45,169 crore. The mutual fund industry’s total average assets under management surged to ₹66.04 lakh crore.
Stocks to buy: IndusInd Bank, KPTI Tech and Just Dial on investors’ radar
Equity indices faced losses for the third consecutive session due to economic growth concerns. Notable stock movements included KPIT Tech falling 4.8%, IndusInd Bank 4.2%,