The equity mutual funds have witnessed a net inflow of ₹7,625.96 crore in July 2023 as against an inflow of ₹8,637 crore in June 2023, according to Association of Mutual Funds in India (AMFI) data. As per the AMFI data, ETFs registered an outflow of ₹353 crores in July vs ₹3,402 crore inflows in June.
Among the equity mutual fund categories, the small-cap category received the highest inflows of ₹4,171.44 crore, followed by the multi-cap category with ₹2,500.47 crore. On the contrary, large-cap funds saw the highest outflow of ₹1,880 crore, followed by the focused funds category which witnessed an outflow of ₹1,066.72 crore.
Liquid funds recorded the highest inflow of ₹51,938.41 crore in July, while the debt category recorded ₹61,440.08 inflows in July.
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AMFI Data for June
Amid a rally in the stock market, equity mutual funds attracted ₹8,637 crore in June, making it the highest net inflow in three months, This was way higher than ₹3,240 crore inflow seen in May and ₹6,480 crore in April, Amfi data showed. Inflow through SIP was at ₹14,734 crore last month. Apart from equities, hybrid schemes saw an inflow of ₹4,611 crore, with a large part of flow into arbitrage funds at ₹3,366 crore.
Passive funds have gained traction among investors in India in the last few years, capturing a market share of over 17 per cent of assets under management (AUM) in 2023 from 1.4 per cent in 2015, according to a study.
A passive fund is an investment vehicle that tracks a market index or a specific market segment. These funds include passive index funds, Exchange Traded Funds (ETFs), and Funds of Funds investing in ETFs.
Meanwhile, Capital markets regulator Sebi is engaged with the mutual fund industry to introduce ‘MF Lite’ regulations for passive funds, a move that will reduce the compliance burden and foster innovation.
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Updated: 09 Aug 2023, 03:35 PM IST