look news india
Investment inflows into equity schemes of mutual funds grew 17 per cent over the previous month to Rs. 40,608 crore as compared to the figure of Rs. 34,697 crore.
While flows into equity funds hit a new record high this month, the fact remains that sectoral and thematic funds still accounted for more than half of the total flows this month. The total AUM figure of mutual funds grew 4 per cent month-on-month to Rs 60.89 lakh crore at the end of June from Rs 58.64 lakh crore at the end of May.
Inflows into sectoral and thematic funds rose 16 per cent to Rs 22,351 crore in June. In equity schemes, multi-cap funds stood second with inflows of Rs 4,798 crore. All except ELSS and focused funds
Equity schemes have witnessed net inflows in the month of June. Both these funds have been witnessing consistent withdrawals for the last three months. In the calendar year 2024, mutual funds will invest Rs. 1.65 lakh crore and have witnessed a net inflow of Rs. 1.65 lakh crore. Sectoral funds and thematic funds have witnessed the highest net inflows of Rs. 70,716 crore in the first half of 2024. Multi-cap funds are in second place with a net inflow of Rs. 17,357 crore. Meanwhile, debt funds have witnessed a net inflow of Rs. 1.07 lakh crore this month, while compared to a net outflow of Rs. 42,294 crore in debt funds. Liquid funds witnessed a net inflow of Rs. 80,354 crore, while a net outflow of Rs. 25,873 crore.