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The Indian mutual fund industry experienced a blockbuster month in August 2024, with record-breaking net inflows of Rs 38,239 crore into equity-oriented funds, marking the 42nd consecutive month of positive inflows. Sectoral and thematic funds, particularly in Technology, Healthcare, and Retail, were the top performers, attracting significant investor interest. Additionally, factors such as strong market sentiment, increasing popularity of SIPs, and successful NFOs contributed to the industry’s growth and investor confidence.
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