Amfi data released for the month of June said investors poured in a net Rs 5,988.17 crore, against the previous month’s deposit of Rs 10,082.98 crore in equity-oriented funds, thanks to buying in broader market funds. Equity mutual funds saw a total inflow of Rs 26,911.09 crore and outflow of Rs 20,922.92 crore, both of which were higher than last month’s figures.
Midcap funds saw the biggest inflow at Rs 1,729.07 crore, while sectoral and thematic funds along with flexicap fund categories saw more than Rs 1,000 crore investment. ELSS funds saw withdrawal of money.
Thanks to the inflows, domestic institutional investors, which mostly comprise mutual fund managers, bought a net Rs 7,043.8 crore worth of stocks. FIIs were also net buyers in June and invested Rs 17,215 crore in the equity markets, as per NSDL data.
Debt mutual fund schemes also saw net inflows worth Rs 3,566.39 crore. However, withdrawal of Rs 13,987.73 crore truncated that number. Low duration funds and overnight funds drew the most investment this month.
The total mutual fund AUM as on June 30 rose to Rs 33,66,876.50 crore thanks to net inflow of Rs 15,320.28 crore. Mark to market gains also supported the AUM rise. BSE Sensex climbed 1.05 per cent during June, while BSE Midcap advanced 3.57 per cent and BSE Smallcap added 6.93 per cent.