Small-cap funds on a roll as equity MFs clock 3-month high inflows in June

• Small-cap funds saw an inflow of 5,471.75 crore, while large-cap funds witnessed an outflow of 2,049.61 crore.
  
• The mutual fund folios reached an all-time high of 14,91,31,708 in June, surpassing the previous month's count of 14,73,75,502.
  
• In June, 11 new schemes, all falling under the open-ended category, collectively raised ₹3,228 crore.
  

Inflows into equity oriented schemes of mutual funds (MFs) rose to a three- month high of ₹8,637.49 crore in June, as compared to ₹3,240 crore in May, and ₹6,480 crore in April, according to data released by the Association of Mutual Funds in India (AMFI). Small-cap funds saw an all- time high inflow of 5,471.75 crore, while large-cap funds witnessed an outflow of 2,049.61 crore.

The systematic investment plan (SIP) contribution for June stood at ₹14,734.45 crore, with the highest-ever number of SIP accounts recorded at 6,65,37,0. The SIP AUM amounted to ₹7,93,608.79 crore, showcasing growth compared to the previous month's ₹7,52,943.79 crore. Moreover, June saw 27,78,507 new SIPs registered, marking the highest number to date.

For June 2023, the net assets under management (AUM) stood at ₹44,39,187 crore, while the average AUM amounted to ₹44,82,314 crore.

The mutual fund folios reached an all-time high of 14,91,31,708 in June, surpassing the previous month's count of 14,73,75,502. The retail segment of mutual fund folios, including equity, hybrid, and solution oriented schemes, also attained a record high with 11,90,63,434 folios registered in June, exceeding the figure of 11,76,37,747 in May.

The retail AUM stood at ₹23,09,169 crore in June, with an average AUM of ₹22,73,720 crore. 11 new schemes, were all falling under the open-ended category, collectively raising ₹8,637.49 crore.

Says NS Venkatesh, CEO, AMFI, "The impressive increase of 29% in retail AUM on an annualized basis and 25% in average assets under management (AAUM) indicates a positive trend of net retail inflows. It is particularly encouraging to see money flowing into equity schemes, with small-cap inflows at an all-time high.” Additionally, he says that the impressive performance of corporate earnings further strengthens the case for investing in India.