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Below the Perspective on AMFI Data by Mr. Akhil Chaturvedi, Chief Business Officer, Motilal Oswal AMC.

The month of June ended on a high note, Nifty crossed the 19,000 mark for the first time and markets made a new all-time high after 6 months (Last ATH was in December 2022). Despite markets reaching new all-time highs, valuations continue to remain reasonable. Post a dip in equity fund net inflows between April and May (6.5K to 3.2K cr.), June 23 saw a sharp rise of 166% in equity fund net inflows  - 8.6K cr. Jun’23 net inflows. The equity fund category of choice for investors continued to remain small caps as has been the trend for the quarter and new financial year. Small caps garnered  5.5K cr. of the total 8.6K net inflows in equity funds. Hybrid funds also saw in uptick in net inflows with arbitrage funds and multi asset funds getting a majority of the fund flows. All in all, markets continue to remain buoyant and investors continue to remain attracted to equity as an asset class.’