Did SIP Inflows Reach an All-Time High in June?

Synopsis
Key Takeaways
- SIP inflows reached Rs 27,269 crore in June.
- AUM for the mutual fund industry hit Rs 74.41 lakh crore.
- Overall mutual fund inflows increased by 67 percent month-on-month.
- Equity mutual fund inflows rose by 24 percent.
- Gold ETFs saw a 613 percent surge in inflows.
New Delhi, July 9 (NationPress) Inflows from mutual fund systemic investment plans (SIPs) soared to an unprecedented Rs 27,269 crore in June, marking a 2 percent increase from the Rs 26,688 crore recorded in May, as per the latest data from the Association of Mutual Funds in India (AMFI).
This achievement signifies the first occasion that SIP inflows have exceeded the Rs 27,000 crore threshold.
Meanwhile, the total net assets under management (AUM) for the mutual fund sector climbed to a historic high of Rs 74.41 lakh crore, compared to Rs 72.20 lakh crore in May and Rs 69.99 lakh crore in April, according to AMFI.
Overall mutual fund inflows experienced a remarkable 67 percent month-on-month increase to Rs 49,301 crore in June, up from Rs 29,572 crore in May.
Equity mutual fund inflows surged by 24 percent, reaching Rs 23,587 crore in June, with all categories except for ELSS funds attracting investments.
Within the Equity segment, large cap funds led with inflows of Rs 1,694 crore in June, a 35 percent increase from Rs 1,250.5 crore the previous month.
Small Cap funds recorded inflows of Rs 4,024.5 crore, a 25 percent rise from Rs 3,214 crore in May.
Mid Cap funds also saw inflows of Rs 3,754 crore, marking a 34 percent increase from Rs 2,808.7 crore month-on-month.
Gold ETFs experienced inflows of Rs 2,080.9 crore, representing a staggering sixfold increase from Rs 292 crore in May, a 613 percent surge. Inflows into hybrid funds rose to Rs 23,223 crore, compared to Rs 20,765 crore in May.
According to AMFI data, multi-asset allocation funds saw an inflow of Rs 3,209 crore, while dynamic asset allocation/balanced advantage funds attracted Rs 1,885 crore.
This growth can largely be attributed to favorable market performance, as both the Nifty and Sensex delivered strong returns throughout June.