New Delhi: Equity mutual funds witnessed a strong surge in investor participation in June, with net inflows rising 26.47 per cent month-on-month to Rs 28,973.41 crore, reflecting continued confidence in equity markets despite volatility triggered by global geopolitical tensions.
According to the latest data released by the Association of Mutual Funds in India (AMFI), equity-oriented mutual fund schemes collected Rs 67,600.90 crore during the month, while investors redeemed Rs 38,627.49 crore. This resulted in a healthy net inflow of Rs 28,973.41 crore, compared to Rs 22,907.77 crore recorded in May.
Mid-cap funds emerged as the biggest attraction among investors, receiving net inflows of Rs 6,090.17 crore. Small-cap funds followed with Rs 5,601.96 crore, while flexi-cap funds attracted Rs 5,231.31 crore.
Large and mid-cap funds also remained in demand, drawing net investments of Rs 4,321.32 crore. Multi-cap funds recorded inflows of Rs 3,070.26 crore, and large-cap funds received Rs 2,067.48 crore during the month.
Sectoral and thematic funds attracted net investments worth Rs 1,469.26 crore, while focused funds registered inflows of Rs 1,118.18 crore. Value and contra funds added another Rs 686.79 crore in net investments.
However, not all categories witnessed positive momentum. Dividend yield funds recorded a marginal net outflow of Rs 49.44 crore, while Equity Linked Savings Schemes (ELSS) saw investors withdraw a net Rs 633.88 crore.
The data also showed that the total assets under management (AUM) of equity-oriented mutual fund schemes reached Rs 37.34 lakh crore as of June 30.
Apart from equity funds, Gold Exchange Traded Funds (Gold ETFs) continued to attract investor interest, registering net inflows of Rs 3,443.23 crore. Other ETFs recorded even stronger inflows of Rs 13,237.76 crore.
Despite robust equity inflows, the mutual fund industry overall reported a net outflow of Rs 52,948.78 crore in June, mainly due to net redemptions of Rs 1.09 lakh crore from debt-oriented schemes.
The industry’s total assets under management rose to Rs 82.22 lakh crore at the end of June, while the total number of mutual fund folios increased to 27.86 crore, highlighting continued growth in retail investor participation.
With inputs from IANS