Equity MF Inflow Surges 26 PC to Rs 28,973-Cr in June

New Delhi: Equity-oriented mutual fund schemes witnessed a net inflow of Rs 28,973 crore in June, a sharp surge of 26 per cent from the preceding month, amid volatile market conditions, according to data released by the Association of Mutual Funds in India (Amfi) on Friday.

Overall, the mutual fund industry reported a net outflow of Rs 52,949 crore in June, lower than the Rs 64,131 crore outflow in May, primarily due to a withdrawal of Rs 1.09 lakh crore from debt-oriented schemes.

Consequently, the industry’s assets under management (AUM) rose to Rs 82.22 lakh crore at the end of June from Rs 81.6 lakh crore a month earlier.

According to the data, net inflows into equity schemes stood at Rs 28,973 crore in June, compared with Rs 22,908 crore in May.

Inflows stood at Rs 38,440 crore in April, Rs 40,450 crore in March, Rs 25,978 crore in February and Rs 24,028 crore in January.

Within the equity category, midcap funds garnered Rs 6,090 crore the highest inflow during the month, followed by small cap funds at Rs 5,602 crore and flexi cap funds at Rs 5,231 crore. Large cap funds received an inflow of Rs 2,067 crore.

On the other hand, dividend yield funds and equity-linked savings schemes (ELSS) witnessed net outflows during the month.

Also, gold exchange traded funds (ETFs) recorded a net inflow of Rs 3,443 crore in June against a net outflow of Rs 725 crore in May.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)