In July, equity mutual fund inflows saw a notable decline of 9% to ₹37,113 crore, down from ₹40,608 crore in June, according to the latest figures from the Association of Mutual Funds in India (AMFI). Despite the dip, the systematic investment plans (SIPs) hit an all-time high, contributing ₹23,332 crore compared to ₹21,262 crore the previous month.
The mutual fund industry’s net assets under management (AUM) reached a record ₹64.97 lakh crore as of July 31, 2024, driven primarily by increased net inflows into debt-oriented funds. Equity mutual funds also saw their AUM hit a new peak at ₹29.33 lakh crore, representing nearly 45% of the total industry AUM.
Sectoral and thematic funds led in net inflows with ₹18,386 crore, although this was a decrease from June’s ₹22,352 crore. Small cap and mid cap funds experienced a drop in inflows to ₹2,109 crore and ₹1,644 crore, respectively. Conversely, multi cap funds saw a significant rise of 50% to ₹7,085 crore, and flexi cap funds maintained stable inflows of ₹3,053 crore.
In the first quarter of FY25, equity-oriented mutual fund schemes attracted ₹94,222 crore. Debt-oriented mutual funds reversed their previous month’s outflows with ₹1,19,588 crore in inflows. Liquid funds also saw a positive shift with inflows of ₹70,061 crore, up from outflows of ₹80,354 crore in June.
Additionally, hybrid funds saw inflows of ₹17,436 crore, while index funds and gold ETFs experienced substantial increases in inflows. Gold ETFs reached a record high of ₹1,337 crore, attributed to a reduction in customs duty on gold from 15% to 6% in the recent budget.
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