Mutual fund schemes in India recorded a net inflow of Rs 2.35 lakh crore in July, while assets under management (AUM) stood at Rs 85.76 lakh crore at the end of the month, according to data released by the Association of Mutual Funds in India (AMFI) on Tuesday.
Debt-oriented schemes led the inflows, attracting a net Rs 1.88 lakh crore during the month. Equity-oriented schemes also remained in positive territory, recording net inflows of Rs 24,697 crore.
The total AUM of mutual fund schemes stood at Rs 85,75,656.52 crore as of July 31, compared with an average AUM of Rs 86,33,798.38 crore during the month.
Open-ended schemes accounted for the bulk of the industry’s assets and inflows, registering a net inflow of Rs 2,36,595 crore and 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 recorded net inflows of Rs 3,425.34 crore, while multi-cap funds attracted Rs 3,227.29 crore. Sectoral and thematic funds saw net inflows of Rs 1,328.27 crore.
However, large-cap funds recorded a net outflow of Rs 1,321.69 crore. ELSS funds witnessed an outflow of Rs 959.13 crore, while dividend-yield funds saw an outflow of Rs 169.16 crore.
Hybrid schemes recorded a net inflow of Rs 11,490.56 crore in July. Arbitrage funds accounted for the largest share at 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. Index funds saw a net inflow of Rs 1,536.60 crore.
Within debt-oriented schemes, liquid funds received 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 Inputs)
