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ICICI Direct Report
Highlights:
Equity funds witnessed outflows for the first time in four years in July 2020 at Rs 2480 crore.
Few investors seem to have used the recent rally to book profits/reduce equity exposure as gross inflows remain stable while redemption increased in the last two months.
While systematic investment plan inflows moderated, they remained strong at Rs 7831 crore in July compared to Rs 7927 crore in June.
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