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Equity mutual fund inflows rise to Rs 28,973 crore in June as Waterways Leisure Tourism approves a 1:10 stock split, Ceinsys Tech bags a Rs 67.04 crore LoI, and Adani Enterprises issues a corrigendum to its media release.
✨ Key Takeaways
Indian benchmark equity indices extended their gains for a second consecutive session on Friday, supported by strong quarterly earnings from Tata Consultancy Services (TCS), easing crude oil prices and a sharp decline in market volatility. The Nifty 50 climbed 244.10 points (1.02 per cent) to close at 24,206.90, while the Sensex advanced 827.57 points (1.08 per cent) to 77,569.39. The Bank Nifty gained 1.39 per cent to settle above the 58,000 mark, while India VIX fell around 8 per cent to below 13, reflecting improved investor confidence.
Domestic institutional flows also remained robust. Equity Mutual Funds attracted net inflows of Rs 28,973 crore in June, up 26.5 per cent from Rs 22,908 crore in May, led by continued buying in Mid-Cap, Small-Cap and flexi-cap funds. Although the mutual fund industry reported an overall net outflow of Rs 52,949 crore due to withdrawals from debt schemes, other categories such as Index Funds, Gold ETFs, other ETFs and overseas fund-of-funds witnessed a sharp recovery, with inflows rising to Rs 16,724 crore from Rs 362 crore in the previous month.
Waterways Leisure Tourism (Cordelia Cruises): Waterways Leisure Tourism's Board approved a 1:10 Stock Split, subject to shareholders' approval. Under the proposal, each equity share with a face value of Rs 10 will be subdivided into 10 equity shares of Re 1 each to improve liquidity, make the shares more affordable and broaden the shareholder base. The company expects to complete the process within approximately three months, subject to the necessary approvals.
Adani-enterprises-ltd-112599">Adani Enterprises: Adani Enterprises issued a corrigendum to its media release regarding the Adani–Dioxycle low-carbon chemical manufacturing partnership. The company clarified that the correct date of the media release is July 10, 2026, instead of July 9, 2026, stating that the change is purely typographical and that all other details remain unchanged.
Ceinsys Tech: Ceinsys Tech received a Letter of Intent (LoI) from the Directorate, Urban Administration & Development, Madhya Pradesh, for the selection and appointment of a manpower agency under the Pradhan Mantri Awas Yojana (Urban) – Beneficiary Led Construction (BLC) vertical. The contract is valued at Rs 67.04 crore and is scheduled to be executed over a three-year period. The company also confirmed that the order is from a domestic entity and is not a related-party transaction
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Disclaimer: The article is for informational purposes only and not investment advice.