Investors withdrew a net Rs777.60cr from multicap funds, while large cap funds saw outflows of Rs212.78cr. However, ELSS, sectoral and focussed funds saw some inflows.
SIP inflows fell by 2.4% at Rs7,927.11cr in June from Rs8,123.03cr in May. Total assets under management (AUM) in June rose to Rs25.5 lakh cr as compared to Rs24.5 lakh cr in May, as per AMFI data.
Hybrid fund inflow at Rs355.8cr in June vs. Rs8,652cr in May, Liquid fund outflow at Rs44,446.2cr vs. inflow of Rs61,871cr MoM and Corporate bond fund inflow at Rs10,737cr vs. Rs3,831.5cr MoM.
Speaking on the June 2020 Mutual Fund Monthly data, N S Venkatesh, Chief Executive, AMFI said: “Reducing Interest rates, gradual unlocking of economic activity with an expected return to normalcy has seen renewed buoyancy in markets leading to Mutual Fund AUMs crossing Rs25 lakh cr mark for the first in the last three months of this fiscal, FY2020-21. With monthly SIP contribution at Rs7,927.11cr, Mutual Fund SIP investors may have opted for pause facility and we should see SIP contribution surging in Q4CY20.
