Equity mutual fund inflows drop 9% to Rs 37,000 crore in July
Mumbai/IBNS: Inflow in equity mutual funds slumped 9 percent month-on-month (MoM) to Rs 37,113 crore in July 2024 owing to the drop in fund infusion in large-cap, small- and mid-cap categories, reports said.
According to reports, despite the dip, the quantum of net inflows seen in July was the second highest flows ever received in a month.
This was second only to the flows of Rs 40,608 crore received in June 2024, as per reports.
The latest flow also marks the 41st consecutive month of net inflows in equity funds, according to data shared by the Association of Mutual Funds in India (AMFI) on Friday (Aug 9).
The monthly contributions from Systematic Investment Plan (SIP) surged to an all-time high of Rs 23,332 crore in July 2024 as against Rs 21,262 crore in June 2024.
Overall, the mutual fund industry in the country has witnessed an inflow of Rs 1.9 lakh crore in July 2024 as compared to an outflow of Rs 43,637 crore in June 2024.
The inflow was due to investment in equity as well as debt schemes, according to reports.
With these inflows, the mutual fund industry's net assets under management increased to an all-time high of Rs 65 lakh crore in July-end from Rs 61.15 lakh crore in June-end.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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