Noida, Aug 11 (APAC Media): Net inflows into equity mutual fund schemes fell nearly 15 per cent to ₹24,697 crore in July from ₹28,973 crore in the previous month, according to data released by the Association of Mutual Funds in India (AMFI).
Despite the decline, equity schemes continued to witness positive inflows for the 53rd consecutive month, with small-cap and mid-cap funds attracting the bulk of investments.
Small-cap funds received the highest inflow of ₹7,768 crore in July, followed by mid-cap funds at ₹6,192 crore and flexi-cap funds at ₹4,709 crore.
Large-and-mid-cap funds garnered ₹3,425 crore during the month, while focused funds attracted ₹642 crore.
Large-cap funds, however, witnessed an outflow of ₹1,322 crore in July, reversing the ₹2,067 crore inflow recorded in June.
ELSS funds also saw an outflow of ₹959 crore during the month, compared with ₹634 crore in June. Value and contra funds recorded combined outflows as well.
The overall mutual fund industry reported net inflows of around ₹2.36 lakh crore in July, reversing an outflow of nearly ₹52,937 crore in June. Debt-orientated schemes accounted for a significant portion of the inflows.
Meanwhile, monthly contributions through systematic investment plans (SIPs) remained above ₹30,000 crore for the fifth consecutive month. SIP collections rose marginally to ₹31,961 crore in July from ₹31,781 crore in June.
The July data indicates continued investor preference for small- and mid-cap equity schemes despite the moderation in overall equity mutual fund inflows.
–ENDS–
Disclaimer:Â This article is for informational purposes only. APAC Media is not liable for any investment decisions or losses. Please conduct your own research or consult a financial advisor before investing.
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