Equity mutual fund inflows record 42% drop in July, shows AMFI data

As Nifty recovered by nine per cent in July, net inflows in equity mutual funds dropped 42.6 per cent month-on-month to Rs 8,898.25 crore. In June, when the Nifty hit a record 52-week low, inflows in equity MFs were at Rs 15,497.76 crore, according to the data released by the Association of Mutual Funds in India (AMFI).“July seems to be the month where investors took some profits off as markets went up. The momentum was coming down all through the last few months as the markets were correcting, but July was a steep fall. Excluding SIP numbers, we might have witnessed actual net negative sales in July," said Akhil Chaturvedi, Chief Business Officer, Motilal Oswal AMC.Flows in retail mutual fund schemes remained positive for the 17th consecutive month since March 2021, with net flows in the positive territory at Rs 3,847 crore as of July 31, 2022, according to the latest AMFI report. Funds mobilised under retail schemes stood at Rs 32,439 crore, outweighing redemptions which stood at Rs 28,592 crore during the month.The number of mutual fund folios have risen 29 per cent year-on-year (YoY) and one per cent month-on-month (MoM) to an all-time high at 13.55 crore.AMFI said that the number of SIP accounts also stood at an all-time high in July 2022 at 5.61 crore and monthly SIP contribution was at Rs 12,140 crore.At Rs 37.74 lakh crore, the Net AUM for the Indian MF industry as of July 31, reported seven per cent YoY growth.“Continued retail investor interest, as reflected in all-time SIP AUMs, crossing Rs six lakh crore milestone for the first time, and also continued monthly SIP contribution of over Rs 12,000 crore, reinforces mutual funds as a preferred investment avenue," said N S Venkatesh, CEO, AMFI.Positive flows in most categories of mutual fund schemes, barring hybrid funds, stand in good stead as economic recovery would pace up in the next few quarters, he said.

Equity mutual fund inflows record 42% drop in July, shows AMFI data
As Nifty recovered by nine per cent in July, net inflows in equity mutual funds dropped 42.6 per cent month-on-month to Rs 8,898.25 crore. In June, when the Nifty hit a record 52-week low, inflows in equity MFs were at Rs 15,497.76 crore, according to the data released by the Association of Mutual Funds in India (AMFI).“July seems to be the month where investors took some profits off as markets went up. The momentum was coming down all through the last few months as the markets were correcting, but July was a steep fall. Excluding SIP numbers, we might have witnessed actual net negative sales in July," said Akhil Chaturvedi, Chief Business Officer, Motilal Oswal AMC.Flows in retail mutual fund schemes remained positive for the 17th consecutive month since March 2021, with net flows in the positive territory at Rs 3,847 crore as of July 31, 2022, according to the latest AMFI report. Funds mobilised under retail schemes stood at Rs 32,439 crore, outweighing redemptions which stood at Rs 28,592 crore during the month.The number of mutual fund folios have risen 29 per cent year-on-year (YoY) and one per cent month-on-month (MoM) to an all-time high at 13.55 crore.AMFI said that the number of SIP accounts also stood at an all-time high in July 2022 at 5.61 crore and monthly SIP contribution was at Rs 12,140 crore.At Rs 37.74 lakh crore, the Net AUM for the Indian MF industry as of July 31, reported seven per cent YoY growth.“Continued retail investor interest, as reflected in all-time SIP AUMs, crossing Rs six lakh crore milestone for the first time, and also continued monthly SIP contribution of over Rs 12,000 crore, reinforces mutual funds as a preferred investment avenue," said N S Venkatesh, CEO, AMFI.Positive flows in most categories of mutual fund schemes, barring hybrid funds, stand in good stead as economic recovery would pace up in the next few quarters, he said.