Equity Fund AMFI data shows equity fund inflows jump by 17% in June to over Rs 40,000 cr
Mumbai/IBNS: The Association of Mutual Funds of India (AMFI), the nodal association of mutual funds across the country, has reported a 17 percent month-on-month (MoM) rise in equity fund inflows.
This surge has led the mutual fund sector’s assets under management (AUM) to cross the Rs 60 lakh crore mark for the first time, reports said.
The equity fund inflows hit a fresh high last month (June), with a 17 percent MoM increase to Rs 40,608 crore, according to the latest data from AMFI.
This comes after the net inflow into equity mutual funds soared by 83.42 percent MoM to a record high of Rs 34,697 crore in May, as per AMFI.
However, last month (June) also witnessed debt mutual funds recording net outflows of Rs 1,07,357.62 crore.
Overall, open-ended mutual funds experienced net outflows of Rs 43,108.80 crore, according to reports.
Despite this, open-ended equity funds stayed in the positive zone in June, for the 40th consecutive month, as reported by Benzinga.
Benzinga reported that among equity funds, Sectoral or Thematic Funds witnessed the most inflows, with the category receiving a net investment of Rs 22,351.69 crore in June, which was largely driven by NFOs (New Fund Offerings) where nine new funds collected Rs 12,974 crore.
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