According to data released by AMFI, “Equity mutual funds saw a considerable fall in the net inflows during June which were the lowest in over four years. Net equity mutual fund inflows for the month stood at ₹241 crores”. Equity mutual funds witnessed the total inflows of ₹5,257 crores in May 2020 while SIPs experienced a marginal fall in the monthly collection. Mutual funds collected ₹7,927.11 crores through SIPs in June while in May, the money collected was Rs 8,123.03 crore.
NS Venkatesh, Chief Executive of Amfi said, “Equity mutual funds have seen a considerable fall. Major outflows have happened in the multi cap, large-cap followed by value funds”.
And added, “There was a small dip in SIP collections as well. It was mainly due to the COVID situation. Cashflows could have got affected. The mutual fund industry has given the facility to pause the SIP to investors. That could have also resulted in the marginal dip”.
Multi cap mutual funds witnessed net outflows of worth ₹778 crores. Large-cap funds have attracted net outflows of worth ₹213 crores, while value funds experienced negative inflows of worth ₹136 crores during the last month. Net inflows in equity funds were at ₹13,760 crores while the total redemptions were at ₹13,520 crores. It can be noted that total redemptions were 74% higher than that of the last month.
According to Amfi data, debt mutual funds witnessed total inflows of worth ₹2,862 crores which is comparatively lower than net inflows of last month that stood at ₹63,666 crores. “The basic reason for lower net inflows was redemptions from the liquid funds which was a usual quarter end phenomena,” said Venkatesh.
Liquid funds witnessed the total outflows of worth ₹44,226 crores in June. Net assets under management (AUM) for the industry as on June 30 were at ₹25.49 lakh crore and average AUM for the month stood at ₹26.07 lakh crore.
“We have once again crossed the 25 lakh crore AUM mark after some months now,” Venkatesh said. Gold ETFs witnessed net inflows of ₹494 crores while in May the net inflows were at ₹815 crores.