Amfi data released for the month of July said investors poured in a net Rs 22,583.52 crore, against the previous month’s deposit of Rs 5,988.17 crore in equity-oriented funds, thanks to buying in broader market funds. Equity mutual funds saw a total inflow of Rs 42,100.88 crore and an outflow of Rs 19,517.36 crore, both of which were higher than last month’s figure.
ICICI Prudential Flexicap Fund, which came out with NFO last month, collected around Rs 9,808 crore, as per Amfi data. In total, 12 new schemes took home Rs 17,332 crore in investments.
Flexicap funds saw the biggest inflow at Rs 11,508.24 crore while sectoral and thematic funds drew investments of more than Rs 5,700 crore. Small and midacap funds were also in demand during the month, getting inflow of more than Rs 1,000 crore. ELSS and value funds were only ones that saw outflows.
SIP inflow in April rose to Rs 9608.86 crore from Rs 9,155.84 crore in the previous month. Total number of SIP folios saw a marginal jump to 4.17 crore from 4.02 crore. The assets under management (AUM) from SIPs rose to all-time high of Rs 5.03 lakh crore, from 4.83 lakh crore in May.
“Over 50 per cent of [inflow] is attributable to NFOs as AMCs try to complete their range as per SEBI scheme categorization norms and some more through thematic launches. Momentum continues in passive products albeit led mainly by overseas funds and funds of funds investing overseas,” said Aashish P Somaiyaa, Chief Executive Officer – White Oak Capital.
“It is heartening to know that after a long hiatus we have seen over 3,000 crore net positive flows in balanced advantage and equity hybrid funds which is the right category to allocate to at this juncture in the markets from a risk averse investors perspective.”
Thanks to the inflows, domestic institutional investors, which mostly comprise mutual fund managers, bought a net Rs 18,394.2 crore worth of stocks, against Rs 7,043.8 crore for the previous month. FIIs were net sellers in June and withdrew Rs 11,308 crore in the equity markets, as per NSDL data.
Debt mutual fund schemes also saw net inflows worth Rs 73,694.04, compared to Rs 3,566.39 crore in June. Liquid funds attracted the largest chunk of investment followed by money market funds. Ultra short and low duration funds were also in demand.
The total mutual fund AUM as on June 30 rose to an all-time high level of Rs 35,31,852.83 crore, thanks to a net inflow of Rs 1,14,255.20 crore. Mark to market gains also supported the AUM rise. BSE Sensex climbed 0.20 per cent during June, while BSE Midcap advanced 3.35 per cent and BSE Smallcap added 6.16 per cent.
