look news india
Among equity schemes, sectoral and thematic funds witnessed the highest net inflows of Rs 19,213 crore in May. Investment inflows into equity mutual funds rose 83.42 per cent to Rs. 34,697 crore. With this, open-ended equity schemes have witnessed net inflows for the 39th consecutive month. It is worth noting that in April, 2024, investments in equity funds declined by 16.42 per cent to Rs. 18,917.08 crore. Open-ended mutual fund schemes witnessed a rise of Rs. 1.11 lakh crore during the month of May due to fresh investment inflows into equity and debt funds. During this month, the asset under management (AUM) of mutual funds in both open-ended and close-ended schemes grew 2.8 per cent on a monthly basis to Rs. 58.91 lakh crore from Rs. 57.26 lakh crore at the end of April.
While net inflows into equity funds rose 83.42 per cent, inflows into debt funds fell 78 per cent to Rs. 42,294 crores from the figure in April. 1.89 lakh crores, thus reducing the total AUM figure of mutual funds in debt funds, net inflows into both the schemes in May fell 54 per cent to Rs. 2.40 lakh crores from Rs. 1.11 lakh crores in May compared to April.
According to data released by the Association of Mutual Funds in India (AMFI), for the first time in May, 2024, equity mutual funds will see an investment of Rs. 30,000 crores has been crossed. The previous highest figure was recorded in March, 2022, that month the figure was Rs. 28,463 crores. This surge in investment in open-ended equity funds, sectoral and thematic funds in May was Rs. 19,213 crores, which was attributed to a net inflow of Rs. 19,213 crores. Apart from this, small cap and mid cap funds respectively saw a net inflow of Rs. 2,724 crores and Rs. 2,605 crores. Investors have shown less interest in large cap funds as before and these funds overall saw a net inflow of Rs. 663.09 crores only.
Investment inflows in the fixed income category have increased by 77.73 per cent to Rs. 42,294.99 crore. Liquid funds also saw a strong inflow of Rs. 25,873.38 crore. This was followed by money market funds which saw a net inflow of Rs. 8,271.75 crore. However, floater funds, credit risk funds and medium-term funds have seen net outflows. Instead of investing in multiple assets like debt, equity and commodities etc., a hybrid fund saw a net inflow of Rs. 17,990.67 crore. Similarly, in the arbitrage fund category, the net inflow figure has gone up to Rs. 12,758.12 crore. Talking about other schemes, index funds saw a net inflow of Rs. 4,490.35 crore and gold ETFs saw a net inflow of Rs. 827.43 crore.
