Retail investor activity in equity funds dipped by almost fifteen percent in July, indicating a cautious approach towards market trends. Conversely, systematic investment plans enjoyed positive growth, affirming their importance in the investment landscape. Debt funds welcomed impressive inflows, bolstering overall industry assets. Additionally, liquid and overnight funds attracted major corporate treasury allocations at the quarter’s start, with mid- and small-cap equity categories still favored despite market hesitations.
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Brent crude futures were up 72 cents, or 0.81%, at $89.63, while US West Texas Intermediate (WTI) crude gained 71 cents, or 0.85%, to $83.91.