MF, SIP Investments At Record High In June

Inflows of Equity Mutual Funds stood at Rs 40,608 cr; Systematic Investment Plan inflows rise to Rs 21,262 cr

Investors pumped in a record Rs 40,608 crore into equity mutual funds in June, 17% higher than in May 2024, industry body Amfi said on Tuesday.

The flows into the systematic investment plans (SIPS) also reached a new high at Rs 21,262 crore for the month, which was higher than the previous high of Rs 20,904 crore recorded in May, it said.

The net assets under management (AUM) for the entire MF industry on equity schemes stood at Rs 27.67 lakh crore, while the same from SIPs was Rs 12.43 lakh crore, the body said.