Indian mutual fund industry's net inflows rise to Rs 1.89 lakh crore in July 2024, up from a net outflow in June.

IDBI Capital report reveals a substantial surge in Indian mutual fund industry's net inflows in July 2024, reaching Rs 1.89 lakh crore, up from a net outflow of Rs 43,637 crore in June. This indicates a positive shift in investor sentiment and confidence. Income/Debt Oriented Schemes saw the highest increase, while Growth/Equity Oriented Schemes and FOF Investing Overseas faced minor fluctuations.