Record Rs 40,000 crore flows into equity MFs in June
And, by all accounts, Dalal Street sizzled in the Indian Summer in June, too. Equity mutual funds added a record ₹40,608 crore, higher than May's ₹34,697, with more than half coming through thematic funds. Investments through systematic investment plan (SIPs) continued to rise steadily and stood at ₹21,262 crore — higher than the previous month's ₹20,904 crore.
Debt funds saw outflows of ₹1.07 lakh crore, largely in liquid and overnight funds, reflecting the typical end-quarter pattern.
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Total average assets under management (AUM) of the industry moved to a new high of ₹61.33 lakh crore (more than $720 billion) — from May's ₹58.59 lakh crore.
«The record inflows in equity funds for June were driven by steady SIP flows, robust NFO collections, and lump sum purchases during corrections,» says Akhil Chaturvedi, chief business officer, Motilal Oswal Mutual Fund.
Chaturvedi points out that investors shrugged off volatility induced by the poll results and uncertainty over government formation.
New Funds, New Money
Savers poured in a record ₹22,352 crore into sectoral funds, led by new fund offers (NFO) of SBI Automotive, Kotak Special Opportunities and ABSL Quant Fund.
«Existing investors are allocating more money to mutual funds due to the positive experience from their past mutual fund investments, while many new investors are using SIPs to begin their investment journey,» says Manish Mehta, national head
