6 famous Warren Buffett's investing mantras reignite as equity mutual fund inflows soar to ₹34,697 crore
The latest Association of Mutual Funds of India (AMFI) numbers show an extraordinary spike in equity mutual fund inflows of up to ₹34,697 crore in May 2024. This spike represents an 83.42 per cent gain over the previous month, setting a new industry high.
Systematic investment plans (SIPs) saw ₹20,904 crore in investments in May, up from ₹20,371 crore in April. In April 2024, the ₹20,000-crore milestone was attained. Additionally, there was a significant rise in SIP registrations in May 2024, totalling 49,74,400.
Mayukh Dutta, Chief Business Officer, ITI Mutual Fund, said, “Gross Inflows into active equity schemes was up 29% in May 2024 vs April 2024 (month on month) crossing ₹71000 crores. This increase can be attributed to the 119% growth in gross inflows into sectoral equity schemes ( ₹25959 crores in May 24 vs ₹11840 crores in Apr 24) which can be attributed to NFOs."
“If we go further, the growth in flows is not as much as multi-cap, large-cap, and small-cap saw single-digit growth in gross inflows in May 24 versus April 24. Midcap bucked the trend by growing 16.5% in gross flows when compared to April, i.e., ₹6585 crores in May 24 vs ₹5651 crores in April 24. Overall, the gross equity flows were up 29% while net equity inflows were up 83% (May 24 vs April 24) which is because redemptions were slightly lesser in May. On the debt side, liquid and money market categories got net inflows showing a preference for low-duration scheme categories. In the hybrid space, arbitrage funds continue their good run and had gross inflows of Rs. 30795 crores in May and net inflows of ₹12758 crores. This category AUM is now ₹1.8 lac crores vs ₹1.34 lac crores as of end Dec 2023, a growth of 34.5% in five months," added Dutta.
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