Retail investors pour over Rs 13,000 crore in mutual funds in June: AMFI

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Braving the selloff by foreign investors, a meltdown in global equities, weakening rupee, soaring inflation and Nifty’s 52-week low level, retail mutual fund schemes saw positive inflows for the 16th consecutive month since March 2021, data released by the Association of Mutual Funds in India (AMFI) on Friday showed. Net inflows in such schemes stood at Rs 13,338 crore in June.

“Funds mobilized under retail schemes stood at Rs 40,838 crore outweighing redemptions which stood at Rs 27,500 crore during June 30, 2022,” AMFI said in a statement.

Equity mutual funds saw inflows of Rs 15,497.76 crore, which was lower compared to the net inflow of Rs 18,529 crore seen in May.

At Rs 35.64 lakh crore, the net AUMs (assets under management) for the Indian mutual fund industry as on June 30, reported a 6 per cent YoY growth.

AMFI CEO NS Venkatesh said a strong momentum towards the big megatrend of financialization of savings is being observed across the country. Pointing out that small savers are continuing to patronize SIP mode of savings, he said positive flows in retail MF schemes at current levels will continue in CY2022.

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Akhil Chaturvedi, Chief Business Officer, AMC, said instead of reading too much into net equity inflow dipping, the heartening thing to note is that both net equity inflows and net inflows into hybrid funds remained resilient despite relentless selling by FPIs and market correction during the year so far.

Other key highlights from AMFI’s monthly data:
– Mutual fund folios cross all-time high at 13.47 crore and retail folios too at an all-time high of 10.72 crore

– Number of SIP accounts stood at an all-time high in June at 5.54 crore and monthly SIP contribution at Rs 12,276 crore

– In the equity/growth category, flexicap, largecap and large and midcap schemes emerged as the top 3 in terms of net flows

– New SIPs registered during June stood at 17.92 lakh.

– Debt schemes recorded a negative flow as quarter-end phenomena played out where corporates redeem their debt investments for advance tax payments and banks want to avoid capital charges enforced by RBI

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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