look news india
Investments in open-ended mutual funds fell 8.61 per cent to Rs 37,113 crore in July, with large-cap, mid-cap funds, small-cap funds accounting for the largest amount of investments, while sectoral thematic funds also saw a decline.
Earlier in June, this flow increased by 17 percent on a monthly basis to a record level of Rs. 40,608 crore. Meanwhile, in the month of July, the flow of investment in equity funds has been seen in the positive zone for the 41st consecutive month. However, according to the data released by the Association of Mutual Funds in India, in the month of July, equity and debt schemes witnessed a total of Rs. 1.90 lakh crore net inflow as compared to June's Rs. 43,637 crore net outflow was seen. With this inflow, the figure of assets under management of mutual funds in the month of July has reached a record level of Rs. 65 lakh crore, which was Rs. 65 lakh crore last month. 61.15 lakh crore. In the month of July, debt funds witnessed a net inflow of Rs. 40,000 crore as compared to June's Rs. 1.07 lakh crore net outflow was seen. In the month of July, the total number of MF folios i.e. accounts reached 19.84 crore. The number of portfolios of retail investors alone has also increased to 15.89 crores from 15.32 crores in June.
SIP inflows rise 10 per cent to record high of Rs 23,332 crore
Although net investment inflows into equity funds declined in July, net inflows into SIPs rose 10 per cent on a monthly basis to Rs. 23,332 crore, reaching a record high of Rs. 21,162 crore as compared to Rs. 21,162 crore in the previous month. Similarly, assets under management under SIPs have also reached a record high of Rs. 13.09 lakh crore, up from Rs. 13.09 lakh crore in July. The number of SIP accounts rose from 8.99 crore in June to a record high of 9.34 crore in July.
