Equity MF inflows cross Rs 40,000-cr mark in June : The Tribune India

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Equity MF inflows cross Rs 40,000-cr mark in June

Flows into SIPs at Rs 21,262 cr touched new high in June

Equity MF inflows cross Rs 40,000-cr mark in June


PTI

Mumbai, July 9

Investors pumped in a record Rs 40,608 crore into equity mutual funds in June, 17 per cent higher than in May 2024, industry body Amfi said on Tuesday.

The flows into the systematic investment plans (SIPs) also reached a new high at Rs 21,262 crore for the month, which was higher than the previous high of Rs 20,904 crore recorded in May, it said.

The net assets under management (AUM) for the entire MF industry on equity schemes stood at Rs 27.67 lakh crore, while the same from SIPs was Rs 12.43 lakh crore, the body said.

A total of 55 lakh new SIPs were registered in June, taking the total number to 8.98 crore, he said, adding that 32.35 lakh matured or were shut down. Amfi Chief Executive Venkat Chalasani, however, did not answer a question on the net SIP investments after accounting for the outflows.

The overall AUM of the MF industry stood at over Rs 61.15 lakh crore as of June, which was higher by about 4 per cent when compared with May. "After two successive months of higher inflows, the mutual fund industry witnessed net outflows to the tune of Rs 43,637 crore for the first time since the beginning of this financial year," rating agency Icra's head market data Ashwini Kumar said.

#Mumbai


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