In June 2024, the Indian mutual fund industry achieved new milestones. According to research by the Association of Mutual Funds in India (AMFI), the industry’s assets surged to ₹61.16 lakh crore, driven by substantial net inflows across various fund categories.
The number of folios crossed the 19 crore mark.
Equity funds
Equity mutual funds witnessed an all-time high monthly inflow of approximately ₹40,608 crore.
Sectoral and thematic funds led the charge with record inflows of ₹22,351 crore, largely due to new fund offerings (NFOs) in different sectors.
Total assets under equity funds reached ₹27.68 lakh crore, accounting for 45% of the industry’s total assets, AMFI said.
Debt funds
Despite outflows from debt mutual funds in June, primarily driven by quarter-end obligations for advance tax payments by corporates and banks, long-duration funds continued to attract net inflows.
Liquid funds recorded reduced outflows of ₹80,354 crore compared to the previous quarter-end, according to AMFI.
Hybrid funds
Assets under hybrid funds reached a new high of ₹8.09 lakh crore, supported by inflows of ₹8,855 crore during the month.
Arbitrage and multi-asset allocation funds accounted for a significant 82% of the category’s inflows.
Passive funds
Passive funds surged to a record high of ₹10.48 lakh crore, constituting 17% of the industry’s assets.
Exchange-traded funds (ETFs) specifically saw assets reach ₹7.44 lakh crore, representing 71% of the passive segment’s total assets.
SIP trend
Systematic Investment Plan (SIP) flows peaked at an all-time high of ₹21,262 crore in June, with SIP accounts totaling 8.99 crore.
SIPs now constitute approximately 20% of the industry’s total assets.