Equity mutual fund inflows experienced a 22% decrease in August, totaling Rs 33,430 crore, primarily due to a reduction in new fund offerings. Despite this dip, equity schemes maintained their positive momentum, marking the 54th consecutive month of net inflows. Flexi Cap Funds led the category inflows, while debt mutual funds saw withdrawals. Post navigation Novo Nordisk to cut 9,000 jobs: Ozempic maker to reduce workforce by 11%; refocus on diabetes and obesity treatments PV Narasimha Rao award: Ex PM Manmohan Singh honoured posthumously; wife Gursharan Kaur receives on his behalf
