Equity Fund Inflows Jump by 17% In June To Over ₹40,000 Cr, Shows AMFI Data

The Association of Mutual Funds of India (AMFI) has reported a 17% month-on-month increase in equity fund inflows. This surge has led the mutual fund industry’s assets under management (AUM) to cross the ₹60 lakh crore mark for the first time.

What Happened: According to the latest data from AMFI, equity fund inflows hit a fresh high in June, with a 17% MoM rise to ₹40,608 crore. This comes after the net inflow into equity mutual funds soared by 83.42% MoM to a record high of ₹34,697 crore in May.

However, June also saw debt mutual funds witnessing net outflows of ₹1,07,357.62 crore. Overall, open-ended mutual funds experienced net outflows of ₹43,108.80 crore.

See Also: Paytm In Hot Water As Bengaluru Labour Body Looks Into Allegations Of Forced Layoffs Without Pay

CategoryJune May 
Total AUM Of Open Ended Schemes₹61.06 Lakh Crore₹58.33 Lakh Crore
Large Cap Fund Inflow₹970.49 Crore₹663.09 Crore
Small Cap Fund Inflow₹2,263.47 Crore₹2,724.67 Crore
Mid Cap Fund Inflow ₹2,527.84 Crore₹2,605.70 Crore
Debt Mutual Fund Inflow-₹1.07 Lakh Crore ₹42,294.99 Crore
Sectoral/Thematic Fund Inflow₹22,351.69 Crore₹19,213.43 Crore
Equity Fund Inflow₹40,608.19 Crore ₹34,697 Crore
Source: AMFI

Despite this, open-ended equity funds stayed in the positive zone for the 40th consecutive month.

Among equity funds, Sectoral/Thematic Funds saw the most inflows, with the category receiving a net investment of ₹22,351.69 crore in June. This was largely driven by NFOs where nine new funds collected ₹12,974 crore.

“The record inflows in equity funds for June were driven by steady SIP flows, robust NFO collections, and lumpsum purchases during corrections. Investors shrugged off election results-related volatility and as the uncertainty over government formation cleared, investors used the correction to add to their exposures. Overall, growing confidence among investors has spurred repeat investments contributing to this upward trend in flows and overall industry growth. We believe, investors have come of age and are using short-term volatility as an advantage for long-term wealth creation. With the budget around the corner, investors continue to be positive about their investments,” said Akhil Chaturvedi, Executive director & chief business officer, Motilal Oswal Asset Management.

Read Next: Parag Parekh Fund Raises Stake In Coal India In June Quarter

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
Posted In: EquitiesMutual FundsNewsMarketsAMFI