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.
“The record inflows in equity funds for June were driven by steady SIP flows, robust NFO collections, and lumpsum purchases during corrections.
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.
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Category June 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.
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