Equity Fund Inflows Surge by 17% to Rs 40,608 Crore in June, Setting a New Record: AMFI Data
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Equity Fund Inflows June 2024
Equity Fund Inflows Surge by 17% to Rs 40,608 Crore in June, Setting a New Record: AMFI Data
Equity mutual fund inflows surged by 17% to Rs 40,608 crore in June, setting a new record according to the latest data released by the Association of Mutual Funds of India (AMFI) on July 9. The investment via systematic investment plans (SIPs) rose to Rs 21,262 crore in June, up from Rs 20,904 crore in May. This comes after monthly SIP investments topped the Rs 20,000 crore mark for the first time in April 2024.
Key Highlights:
- Equity Mutual Fund Inflows:
- Inflows in June: Rs 40,608 crore
- Inflows in May: Rs 34,697 crore (an 83.42% increase)
- Assets Under Management (AUM):
- Mutual fund industry AUM: Rs 61.16 lakh crore in June, surpassing Rs 60 lakh crore for the first time
- Debt Mutual Funds:
- Net outflows: Rs 1,07,357.62 crore in June
- Overall net outflows in open-ended mutual funds: Rs 43,108.80 crore
Sectoral/Thematic Funds Lead Inflows:
- Sectoral/Thematic Funds saw the highest net investment of Rs 22,351.69 crore in June.
- New Fund Offers (NFOs) contributed Rs 12,974 crore to the sectoral/thematic funds inflows.
- Multicap funds inflows: Rs 4,708.57 crore (78% increase)
- Largecap funds inflows: Rs 970.49 crore (46% increase)
- Smallcap funds inflows: Rs 2,263.47 crore (17% decrease)
- Midcap funds inflows: Rs 2,527.84 crore (3% decrease)
Market Dynamics: June witnessed significant volatility due to general election results. Benchmark indices NSE Nifty and BSE Sensex dropped nearly 6% on June 4 following election results but rebounded after the BJP-led National Democratic Alliance secured a third term at the Centre, leading to a 7% gain for both indices in June.Equity Fund Inflows June 2024
Expert Insights: Manish Mehta, National Head – Sales, Marketing & Digital Business at Kotak Mahindra Mutual Fund, attributed the record equity fund flows in June to SIP flows, NFO collections, and lump-sum purchases during market corrections. Growing confidence, repeat investments, and positive word-of-mouth are driving this trend and the industry’s growth. Equity Fund Inflows June 2024
Debt Fund Outflows:
- Liquid Fund category net outflows: Rs 80,354.03 crore
- Overnight fund category net outflows: Rs 25,142.72 crore Experts cited advance tax payments and quarter-ending accounting and financial requirements as reasons for the outflows in the debt category.
Stay tuned for more updates on mutual fund inflows and market trends. Equity Fund Inflows June 2024
Conclusion
The record-breaking surge in equity fund inflows to Rs 40,608 Crore in June 2024, as reported by AMFI, highlights a significant shift in investor confidence and market dynamics. This upward trend reflects the strategic decisions of fund managers, favorable market conditions, and growing investor interest in equity funds. As the market continues to evolve, keeping a close watch on these inflows and understanding the underlying factors will be crucial for making informed investment decisions. Investors are advised to stay updated with the latest trends and seek expert guidance to navigate the ever-changing landscape of equity investments.
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