The Association of Mutual Funds in India (AMFI) reports positive growth of equity-oriented schemes
- Net Inflows into Equity schemes continue at a faster pace in June 2019: AMFI
Mumbai / Chennai, 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.
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S Venkatesh, Chief Executive, AMFI
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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.”
On the liquid fund outflows Mr. Venkatesh said,
"This is a usual quarter-end phenomena where the industry does witness
temporary redemptions from liquid funds."
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.
