Equity mutual fund inflows fall to ₹7,505 crore in July: AMFI Data

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₹7,505 crore in July 2023 as against an inflow of ₹8,245 crore in June 2023, according to Association of Mutual Funds in India (AMFI) data. As per the AMFI data, ETFs registered an outflow of ₹353 crores in July vs ₹3,402 crore inflows in June. Among the equity mutual fund categories, the small-cap category received the highest inflows of ₹4,171.44 crore, followed by the multi-cap category with ₹2,500.47 crore.

Large-cap funds saw the highest outflow of ₹1,880 crore, followed by the focused funds category which witnessed an outflow of ₹1,066.72 crore. Liquid funds recorded the highest inflow of ₹51,938.41 crore in July against an outflow of ₹28,545.45 crore in June. The debt category recorded ₹61,440.08 inflows in July, against an outflow of ₹14,135.52 crore in June.

Amid a rally in the stock market, equity mutual funds attracted ₹8,637 crore in June, making it the highest net inflow in three months, This was way higher than ₹3,240 crore inflow seen in May and ₹6,480 crore in April, Amfi data showed. Inflow through SIP was at ₹14,734 crore last month. Apart from equities, hybrid schemes saw an inflow of ₹4,611 crore, with a large part of flow into arbitrage funds at ₹3,366 crore.

Passive funds have gained traction among investors in India in the last few years, capturing a market share of over 17 per cent of assets under management (AUM) in 2023 from 1.4 per cent in 2015, according to a study. A passive fund is an investment vehicle that tracks a market index or a specific market segment. These funds include passive index funds, Exchange Traded Funds (ETFs), and Funds of Funds investing in ETFs.