Equity mutual fund inflows jump 26% to Rs 28,973 crore in June; midcap funds lead flows

Equity mutual fund inflows surged nearly 26% month-on-month to Rs 28,973 crore in June, compared with Rs 22,907 crore in May. Data from the Association of Mutual Funds in India (AMFI) showed that midcap funds attracted the highest inflows at Rs 6,090 crore during the month.

Among the 11 equity mutual fund sub-categories, midcap funds led the inflows, followed by smallcap funds with Rs 5,601 crore and flexicap funds with Rs 5,231 crore, making them the top three categories to attract investor interest during the month.

Dividend yield funds and ELSS funds continued to see outflows in June of Rs 49 crore and Rs 633 crore, respectively.


On a month-on-month basis, sectoral and thematic funds witnessed the sharpest rise in inflows, surging 127% to Rs 1,469 crore. They were followed by midcap funds, which saw inflows rise 39%, while value/contra funds and focused funds recorded a 35% increase each.

Debt mutual funds

Debt mutual funds witnessed outflows for the second straight month in June, with investors withdrawing Rs 1.09 lakh crore after pulling out Rs 96,948 crore in May.

Except for credit risk funds and floater funds, the other categories saw an outflow in the said time period. Credit risk funds and floater funds received an inflow of Rs 247 crore and Rs 452 crore, respectively.

Among the 16 sub-categories, liquid funds saw the highest outflow of Rs 42,293 crore, followed by low duration funds, which saw an outflow of Rs 16,484 crore. Gilt funds with 10-year constant duration saw the lowest outflow of Rs 102 crore.

Hybrid mutual funds

Hybrid mutual funds saw a jump of 22% on a monthly basis to Rs 12,892 crore in June from an inflow of Rs 10,560 crore in May.

Among the six sub-categories, except for equity savings funds, all other categories received inflows. Arbitrage funds received the highest inflow of Rs 5,799 crore, followed by multi-asset allocation funds that received an inflow of Rs 4,810 crore.

Conservative hybrid funds received the lowest inflows of Rs 102 crore. Equity Savings Fund saw an outflow of Rs 494 crore.

Other schemes mutual funds

Other schemes, which include passive funds such as ETFs, index funds, and FoFs, received an inflow of Rs 16,724 crore in June compared to an inflow of Rs 361 crore in May.

Among the four sub-categories, Other ETFs received the highest inflows of Rs 13,237 crore, followed by gold ETFs that received an inflow of Rs 3,443 crore and fund of funds investing overseas that received an inflow of Rs 101 crore.

Index funds saw an outflow of Rs 58 crore in June compared to an inflow of Rs 943 crore in the previous month.

The mutual fund industry’s net assets under management (AUM) rose 1% month-on-month to Rs 82.05 lakh crore in June, compared with Rs 81.38 lakh crore in May.

During the month, seven new funds were launched, collectively garnering Rs 460 crore. WhiteOak Capital Aggressive Hybrid Fund accounted for the largest share, attracting Rs 310 crore. The new fund launches spanned categories including large & mid cap, aggressive hybrid, equity funds, and equity ETFs.