Data released by the Association of Mutual Funds in India (AMFI) on Wednesday said the net inflows into equity mutual funds (MFs) jumped 24% to Rs 23,587 crore in June. This is a significant spike as compared to inflows of Rs 19,013 crore in May.
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Data released by the Association of Mutual Funds in India (AMFI) on Wednesday said the net inflows into equity mutual funds (MFs) jumped 24% to Rs 23,587 crore in June. This is a significant spike as compared to inflows of Rs 19,013 crore in May.
As per the data, all categories except ELSS recorded inflows in June. Further, the flexi cap funds remained investors’ favourite, attracting the highest inflows of Rs 5,733 crore, compared to Rs 3,841 crore in May, marking a 49% month-on-month growth.
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Small-cap and mid-cap funds saw inflows of Rs 4,024 crore and Rs 3,754 crore, respectively, registering monthly growth of 25% and 34%. ELSS, or tax-saving mutual funds, continued to witness outflows for the third consecutive month, with Rs 556 crore withdrawn in June.
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In June, debt mutual funds witnessed outflows of Rs 1,711 crore compared to Rs 15,908 crore in outflows in May. Among the 16 sub-categories, eight recorded inflows, while the remaining eight saw outflows.
The data said the short duration funds received the highest inflow of Rs 10,276 crore, followed by money market funds, which saw inflows of Rs 9,484 crore during the same period. Dynamic bond funds recorded the lowest inflow at Rs 44 crore in June.
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