MFs’ exposure to auto stocks at 17-month low

mfs exposure to auto stocks at 17 month low

Sumary of MFs’ exposure to auto stocks at 17-month low:

  • MUMBAI : Mutual funds (MFs )dumped auto stocks in August as inflows into equity schemes declined.
  • Auto companies have been facing tough business challenges because of pandemic-led supply disruptions and higher commodity prices.
  • Equity MF schemes received net inflow of ₹8,056.80 crore in August, down 61.15% from ₹20,742.77 crore in July, according to Amfi data.

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