The Association of Mutual Funds in India released its data for the month of July on Friday.
What happened: Open-ended equity mutual fund inflows lapse 8.6% month-on-month to ₹37,113.39 crore in July, according to the latest data. Net equity fund inflows had reached a new high of ₹40,608 crore in June.
Inflows into large-cap funds stood at ₹670.12 crore, showing a decline of 31%, mid-cap funds saw inflows of ₹1,644.22 crore, while inflows into small-cap funds stood at ₹2,109.20 crore. Sectoral/thematic funds saw the highest investment of Rs 18,386.35 crore. With this, open-ended equity funds remained in positive territory for the 41st consecutive month.
Debt mutual funds saw net inflows of ₹1.2 lakh crore, slightly lower than June’s total outflow of ₹1.07 lakh crore. In July, liquid funds attracted net inflows of ₹70,060.88 crore, while money market funds received fresh inflows totaling ₹28,738.03 crore.
Overall, open-ended mutual funds saw net inflows of Rs 1.89 lakh crore in the month. The mutual fund industry’s net assets under management stood at over ₹64.7 lakh crore, surpassing June’s record of over ₹60 lakh crore.
