City
Epaper

Equity MFs' net inflows at over Rs 5k cr in June: AMFI

By IANS | Updated: July 8, 2021 22:15 IST

Mumbai, July 8 Equity-linked mutual fund schemes saw a net inflows of over Rs 5,000 crore in June....

Open in App

Mumbai, July 8 Equity-linked mutual fund schemes saw a net inflows of over Rs 5,000 crore in June.

As per the data furnished by the Association of Mutual Funds in India (AMFI) on Thursday, the net inflows stood at Rs 5,988.17 crore.

In May, the net inflows had stood over Rs 10,000 crore, while in April, they were Rs 3,437 crore.

In March, the equity-linked mutual fund schemes' net inflows stood at Rs 9,115.12 crore.

Besides, the contributions through systematic investment rose on a sequential basis last month.

The SIP inflows at the end of June rose to Rs 9,155.84 crore from Rs 8,818.90 crore reported for end of May.

AMFI Chief Executive N.S. Venkatesh said: "The mutual fund industry is witnessing sharp rise in the number of new investors, which has doubled in last four years to 2.39 crore unique investors. Many new investors are seen embracing mutual funds through the SIP route, over other traditional investment avenues."

"SIP AUM is at an all-time high and now forming almost 15 per cent of total industry AUMs and number of SIP accounts breaching 4 crore mark for the first time ever, is reflective of continued retail investor confidence in the mutual fund asset class."

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: American Association of Individual InvestorsindiamumbaiAmfiIndiUk-indiaRepublic of indiaIndia indiaGia india
Open in App

Related Stories

CricketVijay Hazare Trophy 2025–26: Sarfaraz Khan’s 150 and Mushir’s Half-Century Power Mumbai to 444/8

MumbaiMumbai Metro One Adds Additional Train Services Between Versova and Ghatkopar on New Year Eve

MumbaiLast Sunrise of 2025 Video: Mumbaikars Witness Golden Dawn at Gateway of India

MumbaiMumbai Faces Poor Air Quality; Residents Urged to Limit Outdoor Exposure

MaharashtraWork with Sena (UBT) to Save Mumbai: Raj Thackeray Asks Party Workers to Keep Differences Aside

International Realted Stories

InternationalBaloch groups in UK slam Pakistan, raise issue of enforced disappearances

InternationalFormer Bangladesh PM Khaleda Zia laid to rest at Sher-e-Bangla Nagar

InternationalAnother advisor in Bangladesh resigns amid political turmoil

InternationalGerman Chancellor Merz urges Europe to assert interests amid 'epochal shift'

InternationalXi says China ready to work with all countries to advance world peace, development