MF Update: Mutual Fund Industry AUM Rises to ₹85.76 Lakh Crore in July According to AMFI data released on 11 August 2026, the mutual fund industry’s net assets under management increased 4.3% month-on-month to ₹85.76 lakh crore at end-July 2026. SIP contributions remained robust at ₹31,961 crore, marking the fifth consecutive month above ₹30,000 crore, reflecting sustained retail participation.
Economy Update: Bank Credit Growth Hits Two-Year High at 19.3% RBI data as of 31 July 2026 indicated bank credit growth accelerated to 19.3% year-on-year, the highest in over two years, while deposit growth reached 15.4%, a near-decade high. The expansion was broad-based across sectors, supporting economic activity.
Results Update: Tata Motors Commercial Vehicles Posts Strong Q1 Profit Growth Tata Motors (commercial vehicles) reported consolidated net profit of approximately ₹2,556 crore for Q1 FY27 (ended June 2026), up 83% year-on-year, with revenue rising 19% to ₹20,667 crore. Wholesales grew 26% to 1,08,700 units.
Corporate Trends: N. Chandrasekaran to Step Down as Tata Sons Chairman in February 2027 On 12 August 2026, Tata Sons Chairman N. Chandrasekaran informed the board that he will not seek reappointment when his current term ends on 20 February 2027. He will continue in the role until then and has requested the board to initiate the succession process promptly to ensure an orderly transition.
