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AMFI’s recent monthly report for June shows that MF industry has received positive net inflows for 40th consecutive month. MF AUM has crossed the mark of Rs. 60 lakh crore to reach Rs. 61.33 lakh crore, an all-time high. The MF AUM has increased by about 5% from Rs. 58.59 lakh crore in May 2024.
The mutual fund industry had a net outflow of Rs. 43600 crores during this period. This was mostly due to the quarter end redemption in debt schemes.
Here are the other highlights from the report.
Equity funds
Equity schemes saw a net inflow of Rs. 40600 crore during June. Among equity funds, sectoral/thematic funds received the highest net inflows of Rs. 22350 crores. Large cap funds also saw high net inflows of Rs. 970 crores. In fact, all equity schemes besides focused funds and ELSS received positive net inflows.
Debt funds
Debt funds saw a net outflow of Rs. 1.1 lakh crore in June. This was mostly due to the quarter end redemption in overnight and liquid funds. Other debt fund categories to have net outflows include ultra short duration funds, short duration funds, medium duration funds, dynamic bond funds, corporate bond funds, credit risk funds, banking & PSU funds, gilt funds and floater funds.
Hybrid funds
Hybrid funds received positive net inflows of Rs. 8850 crore. Arbitrage funds and multi asset allocation funds are the hybrid fund categories with the highest positive net inflows. While arbitrage funds received net inflows of Rs. 3800 crore, multi asset allocation had net inflows of Rs. 3450 crore. Conservative hybrid fund is the only category to receive net outflows during this period. It saw outflows of Rs. 130 crore.
Passive funds
Passive funds also received positive net inflow of Rs. 14600 crore. Among passives, other ETFs received the highest net inflows of Rs. 9100 crore. Index funds also received positive net inflows of Rs. 5100 crore. Gold ETFs also saw positive net inflows of Rs. 700 crore. Overseas FoFs were the only category among passives that received net outflows during this period.
Other key highlights
- Mutual fund folios reached an all-time high of 19.10 crores
- Retail MF folios also reached an all-time high at 15.32 crores with retail AUM also reaching an all-time high at Rs. 36.32 lakh crore.
- Number of new SIPs registered in June stands at 55.13 lakh
- SIP AUM has reached an all-time high at Rs. 12.43 lakh crore compared to Rs. 11.53 lakh crore
- Number of SIP accounts has also reached a record high and stands at 8.99 crore compared to 8.76 crore in May 2024
- 17 open-ended schemes were launched in June which raised a total Rs. 15200 crore.
Expert opinion
Anand Vardarajan, Chief Business Officer, Tata Asset Management
June was a watershed month for the MF (mutual fund) industry, with the AUM (Assets Under Management) number hitting Rs. 60 trillion rupees for the very first time. Ten years ago, in 2014, the industry was at Rs. 10 lakh crore. We have crossed Rs. 60 lakh crore for the first time, closing at Rs. 61.3 lakh crore. It is also important to note that exactly six months ago, we were at Rs. 51 lakh crore, and we have added Rs. 10 lakh crore in this period. The addition in six months is equal to what we were as an industry ten years ago!
This growth is a huge validation of the ‘retailization’ of the investor base and investors choosing mutual funds as a reliable investment vehicle for wealth creation.
Venkat Chalasani, Chief Executive, AMFI
This expansion reflects the industry’s unwavering commitment to investor education, strong distribution, and digital innovation. As we continue to adapt and evolve in a dynamic market environment, we remain dedicated to fostering financial well-being for all our stakeholders.
