Equity mutual fund inflows rise 24% to Rs 23,587 cr in June: AMFI
In the reporting month, inflows through systematic investment plans (SIPs) touched a record high of Rs 27,268.79 crore, with the number of contributing accounts rising to 8.64 crore.
Net assets under management (AUM) of the mutual fund industry rose 3 per cent to Rs 74.41 lakh crore in June, compared to Rs 72.19 lakh crore in May. (Credit: Pixabay) Inflows into equity mutual funds rose 24 per cent to Rs 23,587 crore on a month-on- month (m-o-m) basis in June, compared to Rs 19,013.12 crore in May, according to the latest data from the Association of Mutual Funds in India (AMFI).
Net assets under management (AUM) of the mutual fund industry rose 3 per cent to Rs 74.41 lakh crore in June, compared to Rs 72.19 lakh crore in May.
In the reporting month, inflows through systematic investment plans (SIPs) touched a record high of Rs 27,268.79 crore, with the number of contributing accounts rising to 8.64 crore.
“Equity inflows came in at Rs 23,587 crore, marking the 52nd consecutive month of positive flows. While market volatility has made some investors cautious, we are also witnessing a healthy shift towards hybrid and arbitrage funds, a trend that shows maturing investor behaviour and a preference for balanced risk strategies in uncertain times,” said Venkat Chalasani, chief executive, AMFI.
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