Equity Mutual Fund Inflows Surge 24% to ₹23,587 Cr In June: AMFI

The Association of Mutual Funds in India (AMFI) is a non-profit industry body comprising all mutual fund asset management companies (AMCs) registered with the Securities and Exchange Board of India (SEBI). Established on August 22, 1995, AMFI was incorporated under Section 25 of the Companies Act, 1956, which corresponds to Section 8 of the Companies Act, 2013.

AMFI’s mission is to promote the growth of the Indian mutual fund industry in a professional, ethical, and transparent manner, while upholding high standards for the benefit of investors and stakeholders.

Its core functions include:

• Addressing issues and challenges faced by the mutual fund industry to ensure a smooth business environment for its members and unitholders.
• Acting as a liaison and advocacy body with key regulatory and policy-making institutions such as SEBI, the Reserve Bank of India (RBI), and the Government of India.

The data presented here is sourced from AMFI’s June Monthly Note, 2025.

Equity mutual fund inflows rose 24% month-on-month in June, reaching ₹23,587 crore, up from ₹19,013 crore in May, extending their streak of positive flows to the 52nd consecutive month.

The renewed inflows into equity-oriented mutual funds highlight a resurgence in investor confidence, driven by robust performance across equity market segments.

Equity AUM rose to ₹33.47 lakh crore in June 2025, marking a 4.4% increase over the previous month. This growth was driven by a combination of market gains and steady net inflows. Domestic institutional investors (DIIs) maintained strong and consistent buying activity, helping sustain the momentum.

In the equity mutual fund schemes:

• Flexi-cap funds led equity inflows for the fourth consecutive month, attracting ₹5,733 crore in June 2025.
• Small-cap funds retained the second spot for the fourth straight month, with ₹4,024 crore in net inflows.
• ELSS (Equity-Linked Savings Schemes) saw net outflows of ₹556 crore, marking the third consecutive month of withdrawals likely reflecting post-tax-season rebalancing or a shift to other tax-saving instruments.

Debt Funds

The AUM of open-ended debt mutual funds hit a record high of ₹17.58 lakh crore in June, up 0.2% from ₹17.54 lakh crore in May. This increase was driven by mark-to-market (MTM) gains, which reversed the typical quarter-end trend of redemptions made by investors to meet advance tax payments.

Income-/debt-oriented schemes saw an outflow of ₹1,711 crore in the month of June 2025, similar to the outflow of ₹15,908 crore in the month of May 2025.

Hybrid Funds

In June, hybrid fund AUM rose 3.8% to ₹9.92 lakh crore, up from ₹9.55 lakh crore in May, supported by mark-to-market (MTM) gains and record monthly inflows of ₹23,223 crore, which surpassed the previous month’s peak.

For the second month in a row, all hybrid fund sub-categories witnessed net inflows, with arbitrage funds leading the pack, drawing ₹15,585 crore.

Passive Funds

Passive fund assets rose 3.1% month-on-month to a record ₹12.62 lakh crore in June, driven largely by strong inflows into gold ETFs.

The category recorded ₹3,997 crore in net inflows, marking the 56th consecutive month of positive flows into ETFs.

• Gold ETFs led the inflows with ₹2,081 crore, reflecting increased investor preference amid rising geopolitical tensions in the Middle East.
• Index funds followed, attracting ₹1,043 crore, contributing to the sustained growth in passive fund investments.

Mutual Fund Industry Sees Strong Growth

In June 2025, the mutual fund industry’s AUM climbed to ₹74.41 lakh crore, reflecting a 3.1% month-on-month and 13.2% quarter-on-quarter growth.

Over 75% of the monthly AUM rise was driven by mark-to-market (MTM) gains.

The growth in assets was supported by strong market performance; Nifty 50 TRI gained 3.37%, and BSE Sensex TRI rose 2.98% during the month, boosting both investor sentiment and fund values.

Equity mutual funds continued their positive momentum with net inflows of ₹23,587 crore in June, marking a 24% rise from May. Debt funds saw a net outflow of ₹1,711 crore after a massive ₹15,908 crore outflow in May, reflecting continued volatility.

Overall, the mutual fund industry witnessed total net inflows of ₹49,095 crore in June 2025, led by strong contributions from hybrid and equity segments.

These inflows reflect a broad-based investor appetite across equity, hybrid, and passive categories, reaffirming confidence in mutual funds as a long-term wealth-building tool.

As market sentiment stabilizes and retail participation deepens, the mutual fund industry is poised for sustained growth in the coming quarters.

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