MF Data Snapshot: June equity inflows at ₹240 cr; SIPs garner ₹7,927 cr
The mutual fund industry overall recorded a net inflow of nearly ₹7,265.6 crore across all segments in June as compared to a net inflow of ₹70,813.4 crore in May. Equity, as well as debt funds, registered a sharp decline in the monthly inflows amid the ongoing pandemic.
The assets under management (AUM) of the mutual fund industry jumped to ₹25.48 lakh crore in June-end from ₹24.54 lakh crore recorded in May-end.
As per data by the Association of Mutual Funds of India (AMFI), the growth and equity-oriented schemes net inflow for the month of June 2020 plunged to ₹240.5 crore against ₹5,256.5 crore a month ago. The tax saving Equity-linked savings scheme (ELSS) contribution declined to ₹586.6 crore during the month, from ₹712 crore in May.
The fall in equity inflows was mainly due to outflows recorded in multi-cap and large-cap funds under equity schemes of ₹-777.6 crore and ₹-212.7 crore respectively.
The chart below shows the equity inflows of three months i.e., April (₹6,212.9 crore), May (₹5,256.2 crore), and June (₹240.5 crore). The inflow trend continued for equities, however, the inflows tanked around 95% in June.
The income and debt-oriented schemes total net inflows fell 95% to ₹2,861.6 crore in June against ₹63,665.5 crore inflow in May. Liquid fund dragged the scheme overall as it witnessed a net outflow of ₹-44,226.2 crore during the month in review versus ₹61,870.8 crore inflow month-on-month (MoM).
Credit Risk fund saw continued to witness outflows of ₹-1,493.6 crore, however, it was better than previous month’s outflow figure of ₹-5,173 crore.
Coming to the Hybrid schemes (mix of equity and debt), the scheme’s inflow in May came at ₹355.82 crore from May’s inflow of ₹8,652 crore.
After registering the inflows of ₹815 crore in May, Gold exchange-traded funds (ETF) inflows halved to ₹494 crore in June amid rise in gold prices.
The chart depicts the total contribution made by systematic investment plans (SIPs) in the last six months. In June 2020, the SIP inflows plunged to ₹7,927 crore as compared to ₹8,123 crore in May. The industry had provided a SIP pause facility during the month which is said to have resulted in a marginal dip in flows.
The total number of SIP folios/accounts are at 3.23 crore currently via which investors regularly invest in the mutual fund schemes.
Head to moneyguru’s Insight section to stay updated on all major financial news updates of the day!
