Inflows into equity mutual funds rose 17% to ₹40,608 crore, SIPs hit ₹21,262 crore in June: AMFI

Inflows into equity mutual funds rose 17% to ₹40,608 crore, SIPs hit ₹21,262 crore in June: AMFI

MINT | July 9, 2024 | 03:06 PM IST | Breaking News | Follow on Google News

Inflows into equity mutual funds rose 17% to ₹40,608 crore, SIPs hit ₹21,262 crore in June: AMFI

Inflows into equity mutual funds rose 17% to ₹40,608 crore, SIPs hit ₹21,262 crore in June: AMFI

Inflows into equity mutual funds rose 17 percent to ₹40,608 crore as compared to ₹34,697 crore in May. Consequently, total assets under management (AUMs) of equity mutual funds hit around ₹27.68 lakh crore as on June 30, 2024, revealed the AMFI data. The corresponding data at May 31 stood at ₹25.39 lakh crore.

Contribution via systematic investment plans (SIPs) touched ₹21,262 crore as compard to ₹20,904 crore in May, the data releaded by the Association of Mutual Funds in India (AMFI) revealed.

Number of new SIPs registered during June stood at 55,12,962. Closing balance of number of SIP accounts stood at 8,98,66,962.

It is noteworthy that equity inflows in the month of April stood at ₹18,917 crore. In terms of debt mutual funds, total outflow stood at ₹1,07,357 crore vis-à-vis an inflow of ₹42,295 crore in May.

Categories of equity mutual funds

Inflows into large cap mutual funds touched ₹970 crore as compared to ₹663 crore in May. At the same time, inflows into mid cap funds hit ₹2,527 crore as compared to ₹2,605 crore. Also, inflows into small cap funds touched ₹2,263 crore vis-à-vis 2,724 crore in the preceding month.

Highest inflow among equity schemes of ₹22,351 crore was seen in sectoral funds. This was followed by multi cap funds which saw an inflow of ₹4,708 crore. Flexi cap schemes witnessed an inflow of ₹3,058 crore.

MINT