Mutual funds demonstrated robust market participation in August 2026, purchasing equities worth ₹60,000 crore according to reports from Business Standard. This represents the highest net investments by mutual funds in three months, indicating buoyant net inflows into both active and passive equity schemes. The Association of Mutual Funds in India (Amfi) is scheduled to release comprehensive category-wise net inflow data for August this week, providing detailed insights into the performance of different fund categories.
A former director of a company that recently announced its initial public offering has filed a petition before the NCLT Bengaluru Bench seeking to annul his 2023 share sale to the RM Employee Benefit Trust and halt the company's proposed IPO. As reported by Business Standard, the petition alleges the company tricked him into selling his 9.41% stake in the company. In response, the firm and its promoter have challenged the petition's maintainability and filed a perjury application alleging false statements on oath. The matter remains pending, according to the company's Red Herring Prospectus.
Friday witnessed positive consolidation in the markets with the Nifty closing 24.25 points higher (+0.10%). According to The Economic Times, the Nifty opened higher and strengthened as it formed the day's high in the late morning session before experiencing minor profit-taking that brought the index off its peak. The markets maintained modest gains throughout the session, demonstrating resilience despite some profit-booking activity.
