Inflows into equity mutual funds rose 24 per cent to Rs 23,587 crore on a month-on- month (m-o-m) basis in June, compared to Rs 19,013.12 crore in May, according to the latest data from the Association of Mutual Funds in India (AMFI).
Net assets under management (AUM) of the mutual fund industry rose 3 per cent to Rs 74.41 lakh crore in June, compared to Rs 72.19 lakh crore in May.
In the reporting month, inflows through systematic investment plans (SIPs) touched a record high of Rs 27,268.79 crore, with the number of contributing accounts rising to 8.64 crore.
“Equity inflows came in at Rs 23,587 crore, marking the 52nd consecutive month of positive flows. While market volatility has made some investors cautious, we are also witnessing a healthy shift towards hybrid and arbitrage funds, a trend that shows maturing investor behaviour and a preference for balanced risk strategies in uncertain times,” said Venkat Chalasani, chief executive, AMFI.
The revival in inflows into equity-oriented mutual funds underscores a resurgence in investor confidence, supported by a strong equity market performance across segments. Broad-based market gains, including a surge in the Nifty 50 index and even stronger rallies in the mid- and small-cap indices, helped reignite interest in equity investments, said Himanshu Srivastava, associate director-manager, research, Morningstar Investment Research India.
In the equity mutual fund schemes, flexi-cap funds received the highest inflows of Rs 5,733.16 crore in June compared to Rs 3,814.32 crore in the previous month.
Inflows into small- and mid-cap funds stood at Rs 4,024.5 crore and Rs 3,754.42 crore. respectively. Large-cap funds witnessed inflows of Rs 1,694.33 crore in June.
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Debt mutual funds saw net outflows of Rs 1,711.47 crore in June, compared to outflows worth Rs 15,908.48 crore in the previous month.
Among debt mutual funds, liquid funds saw the highest amount of outflows at Rs 25,196.09 crore in the reporting month. Short-duration funds witnessed inflows worth Rs 10,276.75 crore.
Inflows into hybrid funds stood at Rs 23,222.65 crore in June, as against Rs 20,765.05 crore in May.