Sectoral/thematic funds saw a 16% increase in inflows, reaching Rs 22,351 crore. Meanwhile, debt mutual funds experienced an outflow of Rs 1.07 lakh crore in June, against an inflow of Rs 42,294 crore in May.
Among the equity mutual funds, multi-cap funds stood second in the inflow chart and received inflows of Rs 4,708 crore in June. All categories except for ELSS and focused funds received inflows in June. Both ELSS funds and focused funds have seen outflows for three consecutive months. In CY24, equity mutual funds have seen an inflow of Rs 1.65 lakh crore.
The smallcap funds have received inflows of Rs 2,263 crore last month. The dividend yield funds have received the lowest inflow of Rs 520 crore in June against an inflow of Rs 445 crore in May.
In the first half of 2024, sectoral funds have seen the highest inflow of Rs 70,716 crore, followed by multi cap funds which received inflows of Rs 17,357 crore. Focused funds saw the highest inflows of Rs 1,592 crore in the first half of 2024.
The debt mutual funds saw an outflow of Rs 1.07 lakh crore in June with maximum outflows recorded in liquid funds. The liquid funds saw an outflow of Rs 80,354 crore in June against an inflow of Rs 25,873 crore in May. In the first six months of 2024, debt mutual funds have received an inflow of Rs 66,806 crore with maximum inflows seen in money market funds of Rs 54,014 crore.Among debt mutual funds, most categories saw outflow except for low duration, money market, medium to long duration, and long duration funds in June. Money market funds received an inflow of Rs 9,590 crore in the reported month.
Medium duration funds and credit risk funds saw continuous outflows in the first half of 2024. These categories saw an outflow of Rs 2,389 crore and Rs 2,367 crore respectively in the first six months of 2024.
MORE TO COME…
