Inflow in equity mutual funds declined 9 per cent month-on-month to Rs 37,113 crore in July owing to the drop in fund infusion in large-cap, small- and mid-cap categories.
Despite the dip, the quantum of net inflows witnessed in July was the second highest flows ever received in a month. Also, this was second only to the flows of Rs 40,608 crore received in June.
The latest flow also marks the 41st consecutive month of net inflows in equity funds, data with the Association of Mutual Funds in India (AMFI) showed on Friday
Moreover, monthly contributions from Systematic Investment Plan (SIP) rose to an all-time high of Rs 23,332 crore in July as against Rs 21,262 crore in the preceding month.
This reflects the growing financial discipline among retail investors, helping them build wealth systematically over time, Venkat Chalasani, Chief Executive, AMFI, said.
Overall, the mutual fund industry has witnessed an inflow of Rs 1.9 lakh crore in the month under review as compared to an ..
