The Mutual Fund industry’s average AUM surged by 4.66% to ₹61.33 lakh crore in June.
The average AUM of Equity Oriented Schemes increased by 7% to ₹26.83 lakh crore.
Net Inflows into open-ended equity funds remained positive for the 40th consecutive month in June, reaching a record high of ₹40.61K crore.
Sectoral/Thematic fund inflows hit another record of ₹22.35K crore, driven by interest in NFOs, with nine new funds including SBI Automotive Opportunities Fund and Mahindra Manulife Manufacturing Fund collecting ₹12.97K crore.
Hybrid schemes experienced a decline of 51% in net inflows to ₹8.86K crore.
The average AUM of Debt Funds rose by 1.08% to ₹15.18 lakh crore in June, despite a net outflow of ₹1.08 lakh crore.
Investment through SIPs reached an all-time high for the 12th consecutive month!
For an in-depth exploration, read through our comprehensive Mutual Fund Flow Report for June 2024.