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“The funds raised under retail schemes stood at Rs 40,838 crore as against Rs 27,500 crore during June 30, 2022,” AMFI said in a statement.
Equity mutual funds saw inflows of Rs 15,497.76 crore, lower than the net inflow of Rs 18,529 crore seen in May.
At Rs 35.64 lakh crore, the net AUM (assets under management) for the Indian mutual fund industry on June 30 registered a growth of 6 per cent.
AMFI CEO NS Venkatesh said that the country is witnessing a strong momentum towards the big megatrend of financialization of savings. Pointing out that small savers are continuing to patronize the SIP mode of savings, he said the positive inflows at existing levels into retail MF schemes will continue in CY2022.
AMC Chief Business Officer Akhil Chaturvedi said that instead of reading too much in net equity inflows, the point to be noted is that both net equity inflows and net inflows into hybrid funds remained resilient despite continued selling by FPIs and market correction. year till now.
Other highlights of AMFI’s monthly data:
Mutual fund folios cross an all-time high of 13.47 crores and retail folios also hit an all-time high of 10.72 crores
The number of SIP accounts stood at an all-time high of Rs 5.54 crore and monthly SIP contribution of Rs 12,276 crore in June.
– Flexicap, Largecap and Large and Midcap schemes emerged as Top 3 in terms of Net Flow in Equity/Growth Category
The new SIPs registered during June stood at 17.92 lakhs.
– Debt schemes registered negative inflows as quarter-end events unfolded where corporates redeem their loan investments for advance tax payments and banks seek to avoid capital charges imposed by RBI
(Disclaimer: Recommendations, suggestions, views and opinions given by experts are their own. They do not represent the views of The Economic Times)
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