Equity mutual fund inflows jump 26% to Rs 28,973 crore in June; mid-cap funds lead: AMFI

Among the diversified equity categories, mid-cap funds continued to attract the highest investor interest. Net inflows into mid-cap funds climbed to Rs 6,090.17 crore in June from Rs 4,385.06 crore in May, an increase of around 38.9 per cent.

Small-cap funds also witnessed robust investor demand, with net inflows rising to Rs 5,601.96 crore during the month compared with Rs 4,945.57 crore in May, reflecting a growth of about 13.3 per cent.

Investment sentiment also improved in large-cap funds, where net inflows increased to Rs 2,067.48 crore in June from Rs 1,592.93 crore in the previous month, a rise of nearly 29.8 per cent.

The data suggests that despite elevated valuations in the broader market, retail investors continued allocating money across market capitalisations. While mid-cap funds remained the preferred destination, the pickup in large-cap inflows indicates that investors also sought relatively stable investment avenues amid market volatility.

Other equity categories also recorded healthy traction during June. Flexi-cap funds attracted net inflows of Rs 5,231.31 crore, marginally higher than Rs 5,175.54 crore in May. Large and mid-cap funds received Rs 4,321.32 crore, up from Rs 3,278.22 crore in the previous month, while multi-cap funds saw inflows increase to Rs 3,070.26 crore from Rs 2,291.01 crore.

Overall, growth/equity-oriented mutual fund schemes mobilised net inflows of Rs 28,973.41 crore in June against Rs 22,907.77 crore in May, underlining continued confidence among retail investors despite fluctuating market conditions. The category's assets under management also increased to Rs 37.34 lakh crore at the end of June from Rs 36.14 lakh crore a month earlier, reflecting both fresh inflows and mark-to-market gains. (ANI)