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This Article is From Aug 24, 2021

Mutual Fund Monthly Review: ICICI Direct

Mutual Fund Monthly Review: ICICI Direct
An employee holds open a bag of new 12 sided 1 pound coins. (Photographer: Luke MacGregor/Bloomberg)
STOCKS IN THIS STORY
Nippon Life India Asset Management Ltd.
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HDFC Asset Management Company Ltd.
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UTI Asset Management Company Ltd.
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BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Indian equity markets continued to scale new highs in August, 2021 with benchmark headline indices touching new all-time highs after being range bound in the last four to five months.

Midcaps and small caps, which were outperforming, witnessed some profit booking.

The Indian debt markets have been under pressure in the last few months as higher inflation print, rising global commodity prices and expectation of some rationalisation of the current surplus liquidity led to a rise in yields across market segments.

The mutual fund industry assets under management rose by 4.9% in July 2021 to Rs 35.3 lakh crore compared to Rs 33.7 lakh crore from Rs 33.06 lakh crore in June 2021 due to inflows into both equity funds and debt funds.

Click on the attachment to read the full report:

ICICI Direct Mutual Fund Monthly Report Aug21.pdf
VIEW DOCUMENT

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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