18-July-2024
Markets and Finance
 
Equity mutual fund inflows rose by 17%, touched all-time high of Rs 40,600 crore in June: AMFI data
10-Jul-2024

Net inflows into equity mutual fund schemes grew by 17 per cent month-on-month to an all-time high of Rs 40,608.19 crore in June, from Rs 34,697 crore in May, the latest data from the Association of Mutual Funds in India (AMFI) showed. The net assets under management (AUM) of the mutual fund industry crossed the Rs 60 lakh crore mark for the first time to Rs 61.16 lakh crore as on June 30, 2024. The contribution of systematic investment plans (SIP) touched an all-time high of 21,262 crore in June, compared to Rs 20,904 crore in May and Rs 20,371.47 crore in April.

News Source:- https://indianexpress.com/article/business/equity-mutual-fund-june-amfi-data-9442580/