Mutual fund industry sees Rs 2.35 lakh crore net inflow in July, AUM at Rs 85.76 lakh crore: AMFI data
New Delhi, Aug 11 (IANS) Mutual fund schemes in India recorded a net inflow of Rs 2.35 lakh crore in July, while assets under management (AUM) rose to Rs 85.76 lakh crore, according to data released by the Association of Mutual Funds in India (AMFI) on Tuesday.
The strong inflows were led by debt-oriented schemes which received a net Rs 1.88 lakh crore during the month.
Meanwhile, equity-oriented schemes also remained in positive territory and attracted Rs 24,697 crore in net inflows in July.
In addition, the total AUM of mutual fund schemes stood at Rs 85,75,656.52 crore as of July 31, compared with average AUM of Rs 86,33,798.38 crore during the month.
Moreover, open-ended schemes accounted for the bulk of the industry’s assets and inflows. They recorded net inflows of Rs 2,36,595 crore, taking their AUM to Rs 85,59,041 crore.
Among equity-oriented schemes, small-cap funds attracted the highest net inflow at Rs 7,767.50 crore, followed by mid-cap funds at Rs 6,192.31 crore and flexi-cap funds at Rs 4,709.08 crore.
Large and mid-cap funds saw net inflows of Rs 3,425.34 crore, while multi-cap funds received Rs 3,227.29 crore.
Meanwhile, sectoral and thematic funds recorded a net inflow of Rs 1,328.27 crore.
However, large-cap funds witnessed a net outflow of Rs 1,321.69 crore during the month. ELSS funds saw an outflow of Rs 959.13 crore, while dividend-yield funds registered an outflow of Rs 169.16 crore.
Hybrid schemes recorded a net inflow of Rs 11,490.56 crore in July and arbitrage funds accounted for the largest share with Rs 6,502.44 crore, followed by multi-asset allocation funds with Rs 3,753.38 crore.
Among other schemes, ETFs recorded a net inflow of Rs 9,512.05 crore, while Gold ETFs attracted Rs 1,558.75 crore.
Similarly, index funds saw a net inflow of Rs 1,536.60 crore.
Within debt-oriented schemes, liquid funds attracted the highest net inflow of Rs 1,19,065.85 crore, followed by overnight funds at Rs 40,412.55 crore and money market funds at Rs 21,180.23 crore
The total number of mutual fund folios stood at 28.09 crore as of July 31.
–IANS
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