Equity MF inflow rises 24% to ₹23,587 cr, breaks 5-month declining streak

The net inflow into equity mutual funds jumped 24 percent to ₹23,587 crore in June, reversing the downward trend observed over the past five months, according to data shared by the Association of Mutual Funds in India (AMFI) on Wednesday.

Additionally, the recent capital injection from investors signifies the 52nd month in a row of net inflows into the sector. Data indicates that equity-focused mutual funds experienced an inflow of ₹23,587 crore in June, significantly surpassing the ₹19,013 crore inflow recorded in May.

This marked the initial rise in net equity fund inflows following five consecutive months of decrease. The net inflows steadily fell from ₹41,156 crore in December to ₹39,688 crore in January, ₹29,303 crore in February, ₹25,082 crore in March, and ₹24,269 crore in April.

Before this decline, inflows were recorded at ₹35,943 crore in November. Conversely, debt funds recorded a net outflow of ₹1,711 crore during the reviewed month, in contrast to a ₹15,908 crore outflow in May.

Prior to that, the funds recorded an impressive inflow of ₹2.2 trillion in April.

In June, the mutual fund sector saw an influx surpassing ₹49,000 crore, up from ₹29,000 crore in May. This influx increased the industry’s assets under management to a historic ₹74.4 trillion in June, rising from ₹72.2 lakh crore at the end of May.

Although the majority of equity segments saw strong inflows in June, equity-linked savings schemes (ELSS) were the sole category to experience net outflows of ₹556 crore. Among equity fund categories, Flexi Cap Funds saw the largest inflows in June, drawing in ₹5,733 crore.

Moreover, Small Cap Funds (₹4,024 crore) and Mid Cap Funds (₹3,754 crore) experienced strong inflows. Additionally, Large Cap Funds experienced net inflows of ₹1,694 crore.