The Association of Mutual Funds in India released its data for the July month on Friday.

What Happened: Open-ended equity mutual fund inflows were down 8.6% month-on-month to ₹37,113.39 crore in July, according to the latest data. Net equity fund inflows had hit a fresh high at ₹40,608 crore in June.

Inflows into the large-cap funds was ₹670.12 crore, representing a 31% decrease, mid-cap funds saw an inflow of ₹1,644.22 crore whereas inflows for small-cap funds stood at ₹2,109.20 crore. Sectoral/ Thematic Funds saw the most inflows at ₹18,386.35 crore. With this, open-ended equity funds stayed in the positive zone for the 41st consecutive month.

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Debt mutual fund saw a net inflow of ₹1.2 lakh crore, a swing from June's total outflow of ₹1.07 lakh crore. In July, liquid funds attracted net inflows of ₹70,060.88 crore, while money market funds received new investments totalling ₹28,738.03 crore.

Overall, open-ended mutual funds witnessed net inflows of 1.89 lakh crore in the month. The mutual fund industry's net assets under management were more than ₹64.7 lakh crore, surpassing June's record of over ₹60 lakh crore.

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