Equity mutual funds saw a record high inflow of Rs 40,608.19 crore in June, surging 17 per cent, data released by the Association of Mutual Funds of India (AMFI) revealed on Tuesday. The net inflow in the funds increased by 83.42 per cent to touch a peak of Rs 34,697 crore in last month, the data revealed.
The assets under management (AUM) of the mutual fund industry climbed to touch Rs 61.16 lakh crore in June. At the same time, the data showed that debt mutual funds clocked a net outflow of Rs 1,07,357.62 crore. In 2024 so far, the equity mutual funds saw an overall inflow of Rs 1.65 lakh crore.
Gaurav Goel, SEBI registered investment advisor, noted that the data reflected the resilience of the domestic economy and its equity markets.
“These record numbers reflect strength of Indian economy and Indian equity markets. The key player in these historic numbers are the retail clients who have stood through thick and thin in last few years. SIP flows have increased month on month and provided exceptional stability to the markets. Equity markets at their end have rewarded them handsomely. Most equity benchmark indices are currently trading at their life time highs. Nifty 50 created a new life time high of 24437 today," Goel explained.
Notably, investment via systematic investment plans (SIPs) climbed to Rs 21,262 crore in June, against Rs 20,904 crore in the preceding month. Earlier in April, inflows via SIPs surpassed the Rs 20,000 crore milestone for the first time ever.
"Its not just the SIP funds, but new fund offering (NFO) and regular Provident Fund (PF) investments that is providing sustained levels of investments in the Indian markets. FII’s who have lately played truant are also back in action in last one month since the formation of new NDA Government," Goel added.
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