• Source:JND
HighLights
  1. Equity mutual funds recorded Rs 28,973 crore net inflow in June.
  2. Debt schemes experienced Rs 1.09 lakh crore withdrawals.
  3. Overall, the mutual fund sector saw Rs 52,949 crore net outflow.

The net inflow in Equity-oriented mutual fund schemes stood at Rs 28,973 crore in June, a sharp surge of 26 per cent from the preceding month amid ease in geopolitical concerns in the second half of the month and persistence of volatility in the stock market, according to data released by the Association of Mutual Funds in India (Amfi) on Friday.

Net Outflow Stands at Rs 52,949

Overall, the mutual fund sector recorded a net outflow of Rs 52,949 crore in June, lower than the outflow of Rs 64,131 crore recorded in May. The main reason for this was the withdrawal of Rs 1.09 lakh crore from debt-oriented schemes.

As a result, the sector’s assets under management (AUM) rose to Rs 82.22 lakh crore at the end of June from Rs 81.6 lakh crore in the previous month.

Also Read: Stock Market Continues Bullish Run For 2nd Day, Sensex Up 800 Points Amid Broad-Based Rally

Net inflows to equity schemes stood at Rs 28,973 crore in June as against Rs 22,908 crore in May, the data showed. The inflow in April was 38,440 crore, Rs. 40,450 crore in March, Rs. 25,978 crore in February and Rs. 24,028 crore in January.

In the equity segment, midcap funds saw the highest inflow of Rs 6,090 crore this month. This was followed by small-cap fund inflows of Rs 5,602 crore and flexi-cap fund with inflows of Rs. 5,231 crore. Large-cap funds had inflows of Rs 2,067 crore.

On the other hand, dividend yield funds and equity-linked savings schemes (ELSS) witnessed net outflows this month. Also, gold exchange-traded funds (ETFs) saw a net outflow of Rs. It registered a net inflow of Rs 725 crore in May. 3,443 crore in June.

(With Inputs From PTI)


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