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Reliance Mutual Fund CPSE ETF subscribed 4 times on the first day. Should you invest?

The issue opened for anchor investors on Tuesday, who put in Rs 6,000 crore against Rs 1,500 crore reserved for anchor investors. Nomura, Morgan Stanley, SBI, LIC, Axis Bank and Birla MF were some of anchor investors.

 
 
The latest inflow has been mainly driven by contribution from income fund or debt schemes. Besides, equity ones continued to see positive inflows.
Those currently invested in debt funds are advised to remain invested and people with ample idle money should also concentrate on investing their surplus funds.
Mutual fund folios rose by 2.6 per cent, quarter-on-quarter, to an all-time record high of 48.9 million in June 2016.
As the capacity utilization in the Indian economy is about 74%, the capex recovery is expected to be slow and gradual and should gather steam post FY18
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