Equity mutual funds receive total inflow of Rs 7,625.96 crore in July, small cap funds clock highest inflows

Inflows into the equity mutual fund category declined in July. The category received Rs 7,625.96 crore in July, compared to an inflow of Rs 8,637.49 crore in June. Most equity fund categories witnessed inflows except for large cap,focused funds, ELSS, and flexi cap funds in July.

Among the equity mutual fund categories, the small cap category received the highest inflows of Rs 4,171.44 crore. The small cap category has been receiving the highest inflows among all equity categories since the last four months. The next category to receive high inflows was the multi cap category. The category received a total inflow of Rs 2,500.47 crore against Rs 734.68 crore in June.

Large cap funds saw the highest outflow of Rs 1,880 crore. The large cap category has been witnessing outflows since the last three months. Focused funds category witnessed an outflow of Rs 1,066.72 crore. The category has been witnessing outflows for the last four consecutive months.

In July, the debt category witnessed increased inflows. The category recorded at Rs 61,440.08 inflows, against an outflow of Rs 14,135.52 crore in June.

Liquid funds recorded the highest inflow of Rs 51,938.41 crore in July against an outflow of Rs 28,545.45 crore in June. Dynamic bond fund category received the lowest inflow in the debt mutual fund category. The category received an inflow of Rs 67.38 crore. Overnight funds witnessed the highest outflow of Rs 10,746.83 crore compared to an inflow of Rs 4,627.93 crore in June.

Readers Also Like: Sterling drops after weak retail sales; dollar edges higher on safety bid

Banking and PSU Funds saw an outflow of Rs 1,309.95 crore. Medium duration funds continued to witness outflow for the third consecutive month. The category saw an outflow of Rs 67.51 crore in July. Credit risk fund category witnesses outflow for straight fourth month. The category witnessed an outflow of Rs 166.33 crore in July.

The inflows into the hybrid category increased in July. The category saw a total inflow of Rs 12,420.74 crore in July, compared to an inflow of Rs 4,611.18 crore in June. All hybrid fund categories witnessed inflows except the balanced hybrid fund/aggressive hybrid fund category in July.

Arbitrage funds received the highest inflow of Rs 10,074.87 crore, against an inflow of Rs 3,365.76 crore in June. The multi asset allocation funds stood second in the inflow chart and received an inflow of Rs 1,381.50 crore. Balanced hybrid fund/aggressive hybrid fund saw an outflow of Rs 317.10 crore in July. The category has been witnessing outflows for the fifth consecutive month.

The ‘others’ category which includes Index Funds and ETFs witnessed a decline in inflows in July. The category received a total inflow of Rs 859.63 crore in July, as against inflow of Rs 2,056.34 crore in June. Index funds received the highest inflows of Rs 1,179.26 crore against an outflow of Rs 905.74 crore in June. Gold ETFs received a total inflow of Rs 456.15 crore in July. Fund of funds investing overseas witnessed the highest outflow of Rs 422.54 crore . The category witnessed outflow for the fourth straight month. Other ETFs saw a total outflow of Rs 353.25 crore in July.

The total assets under management (AUM) in July 2023 increased by approximately 4% and stood at Rs 46.37 lakh crore as against Rs 44.39 lakh crore in June.

Readers Also Like: HDFC Mutual Fund launches HDFC Charity Fund for Cancer Cure

Around 17 open-ended NFOs were floated in July which together mobilized Rs 6,723 crore.

READ SOURCE