Net Inflows into Equity schemes continue at a faster pace in
June 2019: AMFI
July 08, 2019: Net Inflows for the open-ended Growth and Equity-oriented
schemes have been consistently rising for the last three months since April
2019, from INR 4,608.74 crores at the start of the fiscal to INR 7,663.14
crores for June 2019, largely driven by Multi-Cap and Large Cap Fund
categories.
The
Net Inflows in the equity-oriented schemes have grown three times faster in the
last one month at INR 2,256.37 crores from May 2019 to June 2019, compared to
the rise in the earlier month at INR 797 crores from April 2019 to May 2019.
Commenting on the occasion, Mr N S Venkatesh, Chief
Executive, AMFI said:
“Stellar jump in the inflows into equity schemes over the last two months,
especially after the decisive electoral verdict has helped repose retail
investor trust. Political Stability, lower inflation coupled with RBI stance to
lower interest rates leading to possible robust growth in the corporate
earnings is leading enhanced retail flows towards equity oriented schemes. On
the Fixed Income side, although there has been outflows from liquid schemes,
the flows into Gilt schemes and Long duration schemes have stood positive,
owing to RBI’s dovish stance on interest rates.”
 |
| Mr. N. S. Venkatesh, Chief Executive, AMFI |
Arbitrage
schemes continue to witness positive net inflows, albeit lower as compared to
May 2019, which has stood in favour of overall net inflows for Hybrid schemes
at INR 862.61 crores.
Net
Outflows from Income and Debt oriented schemes to the tune of INR 1,71,349.32
crores during June 2019 has led to overall decline in the June month-end AUM at
INR 24,25,040.37 crores from INR 25,93,559.63 crores as on May 31, 2019. The
overall AAUM for June 2019, however, stood higher at INR 25,81,397.21 crores,
as compared to INR 25,43,248.91 crores for May 2019 and INR 25,27,632.75 crores
for April 2019.
The
trend in SIP contribution for June 2019 continues to be robust at INR 8,122.13
crores coming from 2.73 crore SIP accounts.
About
AMFI
The
Association of Mutual Funds in India (AMFI) is dedicated to developing the
Indian Mutual Fund Industry on professional, healthy and ethical lines and to
enhance and maintain standards in all areas with a view to protecting and
promoting the interests of mutual funds and their unit holders.
AMFI,
the association of SEBI registered mutual funds in India of all the registered
Asset Management Companies, was incorporated on August 22, 1995, as a
non-profit organisation.
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