India Equity Fund Inflows Rise 19% to $3.1 Billion in August

India's mutual fund association said investors in India put a net 293.3 billion rupees, or $3.1 billion, into equity funds in August, up 19% from July. According to Sina Finance, bond funds saw a net outflow of 81.3 billion rupees, compared with a net inflow of 1.88 trillion rupees in July. Overnight funds and liquid funds together recorded outflows of 306.5 billion rupees, while money market funds saw net inflows of 117.3 billion rupees. Hybrid funds, which invest in both stocks and bonds, posted net inflows of 100.5 billion rupees for a fifth straight month of inflows. Gold ETFs attracted 26 billion rupees, equity ETFs drew 72.4 billion rupees, and silver ETFs saw inflows of 12.7 billion rupees.