Equity MF bets lose some zip, seasonal debt flow lifts AUM
Retail investor activity in equity funds dipped by almost fifteen percent in July, indicating a cautious approach towards market trends. Conversely, systematic investment plans enjoyed positive growth, affirming their importance in the investment landscape. Debt funds welcomed impressive inflows, bolstering overall industry assets. Additionally, liquid and overnight funds attracted major…
Mumbai saw a slowdown in retail equity purchases by nearly 15% in July, totaling ₹24,697 crore in mutual funds, compared to ₹28,973 crore in June, according to wire material. However, debt instrument purchases increased due to seasonality, contributing to the overall growth in the industry. Systematic investment plans (SIP) continued with steady allocations of ₹31,961 crore, up from ₹31,781 the previous month.
Debt funds saw inflows of ₹1.88 lakh crore, the first month of the quarter, with the majority going into liquid, overnight, and money market funds. This led to a rise in assets under management (AUM) to ₹85.59 lakh crore from ₹82.22 lakh crore.
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