Perspective on AMFI Data by Narender Singh, smallcase Manager and Founder of Growth Investing
Below the Perspective on AMFI Data by Narender Singh, smallcase Manager and Founder of Growth Investing
India’s Mutual fund industry rolled out Impressive data sets for June Month, Net inflow of 49,095 crore, 66% jump over May. Equity funds did especially well with 23,587 crore in inflows, thanks to strong interest in Flexi Cap, small-cap, and mid-cap funds.
Trends indicates surging equity fund investments, hybrid allocations, and debut by Jio-BlackRock in the debt fund segment.
* SIP numbers hit a record 27,269 crore
* Flexi Cap got 49% higher than May 25.
* Gold ETFs gathered 2,080 crore, a six-fold increase.
* Hybrid funds with 23,222 crore, primarily in arbitrage and balanced funds
Indian investors are going digital, going diversified, and staying invested for the long haul.
Newly launched Jio-BlackRock JV mobilized 17,800 crore in just 3 days (June 30 – July 2) via its Liquid, Overnight & Money Market Funds. Liquid fund category, which saw 25,196 crore outflow, was largely balanced by Jio-BlackRock’s NFO subscriptions
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