Equity mutual funds recorded a net addition of 19.53 lakh folios in August, taking the total to 17.32 crore. Mid cap, flexi cap, small cap, and sectoral funds led the gains, despite only four new fund launches during the month.
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.
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