Mutual Funds: Small-cap fund inflows at record high of ₹5,472 crore in June, shows AMFI data
₹5,472 crore inflows month-on-month (MoM) in June 2023, according to the Association of Mutual Funds in India (AMFI). The equity mutual funds have witnessed a net inflow of ₹8,245 crore in June 2023 as against ₹2,906 crore in May 2023. AMFI informed us about the record data high in a call today.
The inflows into equity funds have come on the back of the Indian market making a strong recovery. The total assets under management (AUM) stood at ₹44.39 lakh crore versus ₹3.20 lakh crore MoM. The investments via systematic investment plans (SIPs) inched lower to ₹14,734 crore in June.
Large-cap funds, however, witnessed an outflow of ₹2,050 crore. Equity-linked savings scheme (ELSS) stood at ₹475 crore in June. 1)HDFC Small Cap Fund- Direct Plan- 21.13% 2)Franklin India Smaller Companies Fund - Direct Plan-20.36% 3)Tata Small Cap Fund - Direct Plan- 15.48% 4)Nippon India Small Cap Fund - Direct Plan- 19.79% 5)Quant Small Cap Fund - Direct Plan- 13.05% Investment in small-cap mutual funds is associated with higher risk levels compared to large and mid-cap funds as they invest in lesser-known and under-researched companies Equity mutual funds saw net inflows of ₹2,906 crore in the month of May 2023.
Read more on livemint.com
