Equity MF inflows rise 24% to ₹23,587 cr in June, ending five-month decline

Net equity MF inflows rose to Rs 23,587 crore in June as redemptions fell; SIPs hit record Rs 27,269 crore, pushing mutual fund industry AUM to Rs 74 trillion

Net inflows into equity mutual fund (MF) schemes climbed 24 per cent month-on-month (M-o-M) to ₹23,587 crore in June, snapping their five-month declining trend. The surge in net inflows was primarily driven by a decline in redemptions amid buoyancy in the stock market.

 

The rise in equity MF inflows, experts said, reflects a resurgence in investor confidence in equities. 

“The inflows were driven by improved market sentiment, attractive valuations after recent corrections, and a portfolio reallocation towards equities amid subdued returns in other asset classes,” said Himanshu Srivastava, associate director — manager research, Morningstar Investment Research India.

 

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