Inflow into small cap mutual funds hit an all-time high in June, shows AMFI data

Small cap mutual fund schemes witnessed a massive increase in inflow of funds by 67 percent in the month of June to hit a high of ₹5,471.75 crore against ₹3,282.50 crore in the preceding month, shows the latest AMFI data released on Monday.

At the same time, large cap mutual funds saw a phenomenal outflow of ₹2,049.6 crore in the month of June against ₹1,362 crore in May, a jump of around 50 percent.

Value/ contra mutual funds saw a massive increase in inflow of funds from ₹582 crore in May to ₹2,239 crore in June, a whopping jump of 284 percent, shows the data released by the Association of Mutual Funds in India.

Besides large caps, another category of schemes that saw an increase in outflow was focussed funds, which grew by 8 percent from 943 crore in May to ₹1,018 crore in June, the latest industry data revealed.

Overall equity inflow

However, the overall equity mutual fund schemes saw a massive increase in their inflow in the month of June. The inflow into equity mutual funds witnessed an increase of 167 percent from ₹3,240 crore in May to ₹8,637 crore in June.

Other exchange traded funds (ETFs) saw a decline in inflow to ₹3,402 crore, a fall of 25 percent from the preceding month.

At the same time, SIP (systematic investment plan) contribution stood at ₹14,734.45 crores in June . The number of SIP accounts stood at the highest ever 6,65,37,033 for June as compared to 6,52,84,902 in the preceding month.

NS Venkatesh, CEO, AMFI, stated, "We are delighted to witness the consistent growth of assets under management (AUM) in the mutual fund industry, reaching one of the highest levels to date. The impressive increase of 29% in retail AUM on an annualised 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."