New Delhi: branch Rs 3,240 crore in equity mutual funds Maydeclined for the second consecutive month, mainly due to Benefit Booking of investors amid rising market.
However, it was also the 27th consecutive month in the equity class that was mainly driven by fund infusion in the small-cap and mid-cap categories, showed data released by the Association of Mutual Funds in India (AMFI) on Friday.
Overall, 42 players mutual fund Inflows into the industry continue and contributions from debt-oriented schemes have attracted Rs 57,420 crore. This comes after a net investment of Rs 1.21 lakh crore in the previous month.
Debt funds saw net inflows of around Rs 46,000 crore, which was more than half of the Rs 1.06 lakh crore inflows seen in April.
The assets under management of the industry rose to Rs 43.2 lakh crore at the end of May from Rs 41.62 lakh crore at the end of April.
As per the data, equity mutual funds attracted Rs 3,240 crore in May, which is much lower than Rs 6,480 crore seen in April. In March, such funds saw a net inflow of Rs 20,534 crore.
“Benefit booking Manish Mehta, National Head & Sales, Marketing & Digital Business, Kotak Mahindra Asset Management Company, said investment in mutual funds may reduce in May due to rising market as well as possible spending for holidays, education.
Within the equity segment, investors continued to repose faith in small-cap funds with a 50 per cent jump in net inflows to Rs 3,282 crore. FYERS Vice President-Research, Gopal Kavalireddy said since the beginning of the calendar year, the valuation differential vis-à-vis large-cap stocks has been good for investors choosing mid- and small-cap funds.
Besides, SIP (Systematic Investment Plan) inflows are back above the Rs 14,000 crore mark after a brief fall of Rs 13,728 crore in April, with investors continuing their disciplined investment that started two years ago. They said.
In the debt segment, flows from liquid funds, ultra-short duration, money market and short-duration categories increased.
Net inflows in the hybrid category alone rose 84 per cent to Rs 6,093 crore, mainly due to changes in tax rules and higher-than-usual inflows into arbitrage funds.
However, it was also the 27th consecutive month in the equity class that was mainly driven by fund infusion in the small-cap and mid-cap categories, showed data released by the Association of Mutual Funds in India (AMFI) on Friday.
Overall, 42 players mutual fund Inflows into the industry continue and contributions from debt-oriented schemes have attracted Rs 57,420 crore. This comes after a net investment of Rs 1.21 lakh crore in the previous month.
Debt funds saw net inflows of around Rs 46,000 crore, which was more than half of the Rs 1.06 lakh crore inflows seen in April.
The assets under management of the industry rose to Rs 43.2 lakh crore at the end of May from Rs 41.62 lakh crore at the end of April.
As per the data, equity mutual funds attracted Rs 3,240 crore in May, which is much lower than Rs 6,480 crore seen in April. In March, such funds saw a net inflow of Rs 20,534 crore.
“Benefit booking Manish Mehta, National Head & Sales, Marketing & Digital Business, Kotak Mahindra Asset Management Company, said investment in mutual funds may reduce in May due to rising market as well as possible spending for holidays, education.
Within the equity segment, investors continued to repose faith in small-cap funds with a 50 per cent jump in net inflows to Rs 3,282 crore. FYERS Vice President-Research, Gopal Kavalireddy said since the beginning of the calendar year, the valuation differential vis-à-vis large-cap stocks has been good for investors choosing mid- and small-cap funds.
Besides, SIP (Systematic Investment Plan) inflows are back above the Rs 14,000 crore mark after a brief fall of Rs 13,728 crore in April, with investors continuing their disciplined investment that started two years ago. They said.
In the debt segment, flows from liquid funds, ultra-short duration, money market and short-duration categories increased.
Net inflows in the hybrid category alone rose 84 per cent to Rs 6,093 crore, mainly due to changes in tax rules and higher-than-usual inflows into arbitrage funds.