Equity MF inflows jump 26% to Rs 28,973 cr in June; midcap funds lead flows
Equity mutual fund inflows surged nearly 26% month-on-month to Rs 28,973 crore in June, compared with Rs 22,907 crore in May. Data from the Association of Mutual Funds in India (AMFI) showed that midcap funds attracted the highest inflows at Rs 6,090 crore during the month.
Among the 11 equity mutual fund sub-categories, midcap funds led the inflows in June, followed by small cap funds with Rs 5,601 crore and flexi cap funds with Rs 5,231 crore, making them the top three categories to attract investor interest during the month.
Dividend yield funds and ELSS funds continued to see outflows in June of Rs 49 crore and Rs 633 crore, respectively.
On a monthly basis, sectoral and thematic funds saw a jump of 127% in inflows to Rs 1,469 crore, followed by mid cap funds which saw a jump of 39% and value/contra funds and focused funds which saw a jump of 35% each.
More to come...
Among the 11 equity mutual fund sub-categories, midcap funds led the inflows in June, followed by small cap funds with Rs 5,601 crore and flexi cap funds with Rs 5,231 crore, making them the top three categories to attract investor interest during the month.
Dividend yield funds and ELSS funds continued to see outflows in June of Rs 49 crore and Rs 633 crore, respectively.
On a monthly basis, sectoral and thematic funds saw a jump of 127% in inflows to Rs 1,469 crore, followed by mid cap funds which saw a jump of 39% and value/contra funds and focused funds which saw a jump of 35% each.
More to come...
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