Equity mutual fund inflows rose 24% to Rs 23,587 crore in June, ending a 5-month decline. AMFI data reveals strong investor confidence.
Also, the latest fund infusion by investors marks the 52nd consecutive month of net inflows into the segment.
According to the data, equity-oriented mutual funds witnessed an inflow of Rs 23,587 crore in June, way higher than the Rs 19,013 crore inflow seen in May.
This was the first increase in net equity fund inflows after five straight months of decline.
The net inflows continuously declined from Rs 41,156 crore in December to Rs 39,688 crore in January, Rs 29,303 crore in February, Rs 25,082 crore in March, and Rs 24,269 crore in April.
Prior to this downward trend, inflows stood at Rs 35,943 crore in November.
On the other hand, debt funds registered a net outflow of Rs 1,711 crore in the month under review compared to a Rs 15,908 crore outflow in May.
Before that, the funds registered a staggering inflow of Rs 2.2 lakh crore in April.
Overall, the mutual fund industry experienced an infusion of over Rs 49,000 crore in June, higher than Rs 29,000 crore in May.
The inflow has lifted the industry’s asset under management to a record Rs 74.4 lakh crore as of June from Rs 72.2 lakh crore at May-end.
While most equity segments posted healthy inflows in June, equity-linked savings schemes ( ELSS) were the only category to record net outflows of Rs 556 crore.
Within equity fund categories, Flexi Cap Funds recorded the highest inflows in June, attracting Rs 5,733 crore.
In addition, Small Cap Funds (Rs 4,024 crore) and Mid Cap Funds (Rs 3,754 crore) registered robust inflows. Besides, Large Cap Funds saw net inflows of Rs 1,694 crore.