Equity Mutual Fund Inflows Dip 14.8% in July; SIPs Rise Marginally
By Market Desk
Indian equity mutual funds saw a 14.8% drop in July inflows to ₹24,697 crore, while SIP contributions experienced a slight increase. Discover fund performance.
Indian equity mutual funds recorded a notable 14.8 percent decline in inflows during July, settling at ₹24,697 crore. This figure represents a decrease from the ₹28,973 crore reported in June, according to data released by the Association of Mutual Funds in India (AMFI).
Despite the overall reduction in equity mutual fund inflows, Systematic Investment Plan (SIP) contributions showed a marginal uptick. These contributions reached ₹31,961 crore for the month.
Equity Fund Performance Overview
- Small-cap funds attracted over ₹7,700 crore, making them the most favored category among investors.
- Mid-cap funds, flexi-cap funds, and multi-cap funds followed, drawing significant inflows.
- Large-cap funds and Equity Linked Savings Scheme (ELSS) funds experienced net outflows.
- Gold Exchange Traded Funds (ETFs) saw a sequential dip in inflows to ₹1,559 crore.
A contrasting trend emerged in the debt fund segment, which witnessed a significant reversal from previous months. Debt funds recorded net inflows totaling ₹1,87,511 crore last month.
Debt Fund Influx Highlights
- Liquid funds led the debt-oriented schemes, drawing the highest net inflow of over ₹1,19,000 crore.
- The substantial inflows into debt funds reversed earlier outflow trends, indicating a shift in investor preference for the period.
The July data highlights a bifurcated market, with a clear contraction in equity mutual fund investments alongside a robust rebound in debt fund allocations and a steady increase in SIPs.