New Delhi, Aug 11
Equity-oriented mutual funds saw net inflows of Rs 42,702 crore in the month of July, up 81 per cent from Rs 23,587 crore in June, the Association of Mutual Funds in India (AMFI) data showed on Monday.
By the end of July, the mutual fund industry's net assets under management (AUM) increased to Rs 75.36 lakh crore. The AUM stood at Rs 74.40 lakh crore in June and Rs 72.19 lakh crore in May, according to monthly data released by AMFI.
Equity funds have seen positive flows for 53 consecutive months, with July inflows being broad-based across most categories. Record monthly inflows were driven by new fund offerings (NFOs), which raised Rs 30,416 crore – the highest NFO collection ever.
Smallcap schemes led the inflows with Rs 6,484 crore added to AUM in July, up from Rs 4,024 crore in June, marking a 61 per cent increase.
Largecap funds saw Rs 2,125 crore worth of inflows in July, up from Rs 1,694 crore in June, marking a 25 per cent month-on-month increase. Mid-cap inflows rose 38 per cent on a MoM basis.