Inflows into equity mutual funds decline 9% to Rs 37,113 crore in July: AMFI

The net assets under management (AUM) of the mutual fund industry grew by 6.23 per cent to touch a record high of Rs 64.97 lakh crore as on July 31, 2024. This rise was largely driven by an increase in net inflows into debt-oriented mutual fund schemes.

In July, net assets under management of equity mutual funds stood at an all-time high of Rs 29.33 lakh crore, which is nearly 45 per cent of the industry’s AUM.

Among equity mutual fund schemes, sectoral/thematic funds garnered the highest net inflows of Rs 18,386.35 crore. However, flows in the segment were lesser compared to net flows of Rs 22,351.69 crore in June, the data showed.

Small cap funds received inflows of Rs 2,109.2 crore compared to Rs 2,263.47 crore in June. Net inflows in the mid cap funds stood at Rs 1,644.22 crore, as against Rs 2,527.84 crore in the previous month.

Inflows in multi cap funds rose by 50 per cent to Rs 7,084.61 crore in July, as against Rs 4,708.57 crore in June. Flexi cap fund witnessed Rs 3,052.92 crore worth of inflows compared to Rs 3,058.81 crore last month.

In the first quarter of FY25, net inflows into equity oriented mutual fund schemes stood at Rs 94,222.27 crore.

The debt oriented mutual fund schemes saw net inflows of Rs 1,19,587.6 crore in July, as against outflows of Rs 1,07,357.62 crore in the previous month. Inflows into liquid funds was Rs 70,060.88 crore in the reporting month, compared to outflows of Rs 80,354.03 in June.

Flows into money market funds stood at Rs 28,738.03 crore, compared to inflows of Rs 9,590.28 crore last month. Net inflows into ultra short duration funds and overnight funds stood at Rs 8,206.86 crore and Rs 4,451.62 crore respectively.

Net inflows into hybrid funds stood at Rs 17,436.09 crore, as against Rs 8,854.74 crore in June.

Index funds saw inflows of Rs 8,019.7 crore as compared to Rs 5,071.82 crore. Flows into gold exchange-traded funds (ETF) touched a record high of Rs 1,337.35 crore in July. Higher inflows into gold ETF can be attributed to the drop in gold prices after the government, in the Budget 2024-25, announced to reduce customs duty on the yellow metal to 6 per cent from 15 per cent earlier, said Venkat Chalasani, Chief Executive, AMFI.

Mutual Fund  Net Inflows (+)/ Outflows (-) (Rs crore)