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MFs trump global woes, SIPs hit new high in July

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Indian investors showcased unwavering confidence in July, doubling down on mutual fund investments, primarily through equity schemes. Gross SIP flows soared past ₹28,000 crore, while monthly equity flows exceeded ₹42,000 crore. The industry's total assets under management reached a record ₹75.4 lakh crore, despite a strong dollar and foreign fund outflows.
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