The Indian mutual fund industry witnessed its highest ever SIP inflow at Rs 23,332 crore in July, up from Rs 21,262 crore in June.
Owing to the recent surge in inflows into Systematic Investment Plans (SIPs), the Assets Under Management (AUM) of the total mutual fund industry stood at Rs 64.69 lakh crore in July, up from Rs 60.89 lakh crore in June.
According to AMFI (Association of Mutual Funds of India) data, total inflows into equity funds declined 8.6 per cent to Rs 37,113.4 crore in the last month from Rs 40,608.19 crore in June, the highest ever equity inflows into mutual funds in India.
This is the 41st consecutive month that inflows into open-end equity funds have been positive. In July, the Sensex rose 3.43 per cent and the Nifty 3.92 per cent.
Venkat Chalasani, CEO of AMFI, said the growth rate of the industry is positive due to continuous investment in mutual funds by retail investors. Mutual funds have now become an important part of the financial strategy of retail investors.
The largest investment is being recorded in sectoral and thematic funds. In July, a net investment of Rs 18,386.35 crore was recorded in this category.
In July, a net inflow of Rs 1,19,587.60 crore was also recorded in debt mutual funds, while a net outflow of Rs 1,07,357.62 crore was recorded in June. The short-term liquid funds category saw a net inflow of Rs 70,060.88 crore and money market funds saw a net inflow of Rs 28,738.03 crore.
Foreign investors invested Rs 54,727 crore in equity and debt during the entire month of July. According to NSDL data, foreign investors invested Rs 32,364 crore in equity and Rs 22,363 crore in debt in July.
FPI activities are influenced by factors such as performance of global equity markets, movement of dollar index, incremental geopolitical events and opportunities in Indian markets considering slightly elevated valuation levels.
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.