Equity mutual fund inflows hit record Rs 40,608 crore in June as multicap, value schemes shine

AMFI Mutual Fund Data June 2024 News: Inflows into equity mutual funds in the country soared 17 per cent sequentially to a record Rs 40,608.2 crore in June, as the number of mutual fund folios reached an all-time high of 19.1 crore, data from the Association of Mutual Funds in India (AMFI) showed. That marked 40 back-to-back months of positive equity inflows. Net assets under management across equity-oriented schemes increased 9.0 per cent to Rs 27,67,998.9 crore, according to the data released by industry body AMFI on Tuesday. 

The total net assets under management (AUM) of the mutual fund industry increased 3.8 per cent to Rs 61,15,581.9 crore.

"The mutual fund industry has demonstrated remarkable growth, becoming a cornerstone of financial stability and wealth creation for crores of investors. The industry continued to benefit from sustained flows into equity-oriented mutual funds, hybrid funds and passive funds," said Venkat Chalasani, Chief Executive, AMFI.  

This expansion reflects the industry’s unwavering commitment to investor education, strong distribution, and digital innovation. As we continue to adapt and evolve in a dynamic market environment, we remain dedicated to fostering financial well-being for all our stakeholders.

Out of the total equity-oriented funds, the multicap category saw the maximum spike of 78 per cent in inflows to Rs 4,708.6 crore, followed by the largecap category at 46.4 per cent to Rs 970.5 crore. 

Value funds were the next, with growth recorded at 44.3 per cent to Rs 2,027.1 crore, followed by the large and midcap category, where inflows expanded 21.5 per cent to Rs 2,912.2 crore. 

Sectoral/thematic funds saw a sequential jump of 16.3 per cent in inflows to Rs 22,351.7 crore, according to AMFI. 

On the other hand, inflows in the midcap and flexicap categories declined around three per cent to Rs 2,527.8 crore and Rs 3,058.8 crore, respectively. 

Smallcap funds registered inflows to the tune of Rs 2,263.5 crore in June, down 16.9 per cent compared with the previous month. 

The 'focused fund' and ELSS categories logged outflows of Rs 286.6 crore and Rs 445.4 crore in June, respectively.

Contributions into systematic investment plans (SIP) - or SIP inflows - touched a record high of Rs 21,262.2 crore last month, up 1.7 per cent on a month-on-month basis.

Monthly SIP AUMs also reached an unprecedented Rs 12,43,791.7 crore, with the number of SIP accounts reaching a high of 8,98,66,962.

June also saw the launch of as many as 17 schemes - all in the open-ended category, raising a total of Rs 15,227 crore.