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Equity MF inflows: 40% drop from previous month’s yearly highs

| Updated: July 8, 2021 17:37

New investment in equity mutual funds (MF) schemes have dropped by 40 per cent in June, as compared to May. The official data from the Association of Mutual Funds of India (AMF) showed, however, investors continued to pour in money for the fourth straight month.

As per the AMFI, total inflows for June stood at Rs 5,988 crore, a straight four months of new net inflows. However, the month of June witnessed a drop by 40 per cent from Rs 10,083 core of net inflows registered in May. It is to be noted that total inflows in May were the highest in the last 14 months.

In April, equity funds had recorded a net inflow of Rs 3,437 crore and Rs 9,115 crore in March. After the first wave of Covid and the resurgence of equity markets, investors had liquidated their investments for eight months – from July 2020 to February 2021.

Type of SchemesNet Inflow
Multi-Cap Fund      209.59
Large Cap Fund      547.33
Large & Mid Cap Fund      800.65
Mid Cap Fund  1,729.07
Small Cap Fund      705.14
Dividend Yield Fund        39.65
Value Fund/Contra Fund    -114.88
Focused Fund      569.00
Sectoral/Thematic Funds  1,207.37
ELSS    -791.86
Flexi Cap Fund  1,087.11
TOTAL  5,988.17

In terms of capitalisation, all sizes of funds received new flows. The Mid-Cap category registered the highest net inflow of Rs 1,729 crore, followed by Rs 1,207 crore in thematic schemes and Rs 1,087 crore in Flexi cap funds. Apart from equities, investors put in Rs 12,361 crore in hybrid funds in the month under review. This includes Rs 9,060 crore in arbitrage funds. The Equity Linked Savings Scheme (ELSS) and the value fund, however, recorded withdrawal.

Overall, the mutual fund industry witnessed a net inflow of Rs 15,320 crore across all segments during the period under review, compared to an outflow of Rs 38,602 crore in May. The asset under management (AUM) of the mutual fund industry rose to an all-time high of Rs 33.67 lakh crore in June-end from Rs 33 lakh crore in May end.

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