Equity mutual fund inflows rise 26 pc to Rs 28,973 crore in June: AMFI data
New Delhi, July 10
Equity-orientated mutual funds attracted net inflows of Rs 28,973.41 crore in June -- up 26.47 per cent month-on-month -- which indicated sustained investor interest in equities despite volatility in the broader market amid geopolitical tensions, according to monthly data released by the Association of Mutual Funds in India on Friday.
The equity mutual fund category mobilised Rs 67,600.90 crore during the month, while redemptions stood at Rs 38,627.49 crore, resulting in a net inflow of Rs 28,973.41 crore.
In May, equity mutual funds recorded a net inflow of Rs 22,907.77 crore.
Among equity schemes, mid-cap funds recorded the highest net inflow of Rs 6,090.17 crore, followed by small-cap funds at Rs 5,601.96 crore and flexi-cap funds at Rs 5,231.31 crore.
Meanwhile, large and mid-cap funds received net inflows of Rs 4,321.32 crore.
Multi-cap funds attracted Rs 3,070.26 crore, while large-cap funds saw net inflows of Rs 2,067.48 crore.
In addition, sectoral and thematic funds garnered net inflows of Rs 1,469.26 crore, while focused funds received Rs 1,118.18 crore, according to the AMFI data.
Value and contra funds recorded net inflows of Rs 686.79 crore.
Dividend yield funds witnessed a marginal net outflow of Rs 49.44 crore, while Equity Linked Savings Schemes (ELSS) saw net outflows of Rs 633.88 crore during the month.
The AMFI data highlighted that the assets under management (AUM) of equity-orientated schemes stood at Rs 37.34 lakh crore as of June 30.
Beyond equity, Gold ETFs attracted net inflows of Rs 3,443.23 crore, while other ETFs received Rs 13,237.76 crore during the month.
Meanwhile, the mutual fund industry as a whole reported a net outflow of Rs 52,948.78 crore during June, largely due to net redemptions of Rs 1.09 lakh crore from debt-orientated schemes.
Additionally, the industry's total assets under management stood at Rs 82.22 lakh crore at the end of June, with the total number of mutual fund folios rising to 27.86 crore.
— IANS
Reader Comments
The outflow from debt schemes is concerning. Maybe investors are chasing higher returns from equities but ignoring the need for a balanced portfolio. Gold ETFs also seeing good inflows shows people are hedging their bets.
Impressive numbers! The Indian mutual fund industry is maturing fast. ₹82 lakh crore AUM is no small feat. The rise in folios also indicates growing financial inclusion. Kudos to SEBI and AMFI for promoting transparency and investor education.
ELSS seeing outflows makes sense as tax planning season is over. But I wish more people stayed invested for the long term. The SIP discipline will help many retail investors build wealth over time. Stay the course!
The redemptions in debt funds are worrying - could be institutions pulling out for liquidity or rebalancing. But for retail investors, staying diversified is key. The FM's recent budget has also given a push to long-term capital gains in equities.
I've been investing in mid-cap funds through SIPs for the last 3 years. The returns have been decent despite volatility. But one must be patient. The Indian economy's growth story is strong, but we need to watch geopolitical risks closely.
The huge outflow from
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