3 weeks ago
Mutual fund inflows hit Rs 2.36 lakh crore in July
In July, people in India put a lot of money into mutual funds — about Rs 2.36 lakh crore.
A mutual fund is like a big shared piggy bank that many people put money into.
The month before, people had taken out more money than they put in, but in July that changed.
Most of the new money went into debt funds, which are considered safer types of funds.
Money also went into equity funds, which invest in company shares.
These equity funds have received money for 65 months in a row, which is more than five years.
Many people invest a small amount every month through a plan called a SIP, and those payments grew compared with last year.
Because of all this, the total money managed by mutual funds in India went up to Rs 85.76 lakh crore.
This shows that investors are still interested, even though they are being more careful about which funds they choose.
Mutual fund schemes in India recorded net inflows of around Rs 2.36 lakh crore in July, reversing an outflow of Rs 52,949 crore in June.
Debt-oriented schemes drove the turnaround with Rs 1.88 lakh crore in inflows, led by liquid funds at Rs 1,19,066 crore.
Equity-oriented schemes attracted Rs 24,697 crore, down 15 per cent from June, marking their 65th consecutive month of net inflows.
SIP inflows rose 12.28 per cent year-on-year to Rs 31,961 crore in July.
Assets under management rose 4.3 per cent month-on-month to Rs 85.76 lakh crore, according to AMFI data.
- Who
- Indian mutual fund investors and the Association of Mutual Funds in India (AMFI), which released the data.
- What
- Mutual fund schemes recorded net inflows of about Rs 2.36 lakh crore in July, reversing June's outflow, with AUM rising 4.3 per cent to Rs 85.76 lakh crore.
- Where
- India, with the report datelined New Delhi.
- When
- For the month of July; data was released on a Tuesday.
- Why
- Inflows were driven by debt-oriented schemes as investors favored liquidity and flexibility, while equity inflows moderated amid valuation concerns.
Key facts
- Net inflow (July)
- Rs 2.36 lakh crore
- June outflow
- Rs 52,949 crore
- Assets under management
- Rs 85.76 lakh crore (up 4.3% MoM)
- Debt scheme inflows
- Rs 1.88 lakh crore
- Equity scheme inflows
- Rs 24,697 crore (down 15% from June)
- SIP inflows
- Rs 31,961 crore (up 12.28% YoY)
- Equity inflow streak
- 65 consecutive months
- Data source
- Association of Mutual Funds in India (AMFI)
Quotes
Ankur Punj
MD & Business Head at Equirus Wealth
“"The moderation in equity mutual fund inflows reflects a degree of selectivity rather than a loss of investor confidence in equities."”
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