Amfi Monthly Data: Equity mutual funds saw net inflows of Rs 23,567 crore in June, pushing the industry’s total AUM to Rs 74.40 lakh crore by month-end.
Equity-oriented mutual funds attracted net inflows of Rs 23,567 crore in June, ending a five-month streak of declining inflows, as per monthly data released by the Association of Mutual Funds in India (Amfi) on July 9, 2025. This is also the 52nd consecutive month of positive flows in equity funds.
Between December 2024 and May 2025, equity fund inflows had steadily declined as investor sentiment had turned cautious amid a declining equity market. From the peak of Rs 41,156 crore in December, 2024, the inflows had slumped to Rs 19,013 crore in May. June month’s inflow represents a sharp 24 per cent rebound from May’s inflow.
The net assets under management (AUM) of the overall mutual fund industry by the end of the month rose to Rs 74.40 lakh crore. It was Rs 72.20 lakh crore in May and Rs 69.99 lakh crore in April.
A total of 20 new schemes were launched in June, all open-ended and across categories, which mobilised a capital of Rs 1,986 crore.
This growth continues to be powered by strong retail participation and the steady rise in SIP inflows, said Venkat Chalasani, Chief Executive, Amfi.
He added, "We are confident that our emphasis on establishing a robust mutual fund framework, coupled with standardised disclosure protocols and ongoing investor education initiatives, will propel the industry's growth and success. Our focus remains on deepening investor awareness and helping savers become long-term wealth creators. India’s economic fundamentals remain strong, and we continue to encourage investors to stay committed to their financial goals."
Among equity-oriented mutual funds, flexi cap funds attracted the highest inflows in June. These funds, which invest across large-, mid-, and small-cap stocks without fixed allocation limits, saw inflows of Rs 5,733 crore.
Meanwhile, multi-cap funds, which also invest across market capitalisations but with fixed minimum allocations to each segment, witnessed inflows of Rs 2,794 crore during the month.
"While market volatility has made some investors cautious, we are also witnessing a healthy shift towards hybrid and arbitrage funds a trend that shows maturing investor behaviour and a preference for balanced risk strategies in uncertain times," Chalasani said.
Large-cap funds recorded net inflows of Rs 1,694 crore, while mid-cap and small-cap funds continued to attract strong retail interest, attracting inflows of Rs 3,754.40 crore and Rs 4,024.50 crore, respectively.
The large & mid-cap fund category saw inflows of Rs 3,497 crore, while sectoral and thematic funds saw inflows of Rs 476 crore. The tax-saving Equity Linked Savings Scheme (ELSS) witnessed an outflow of Rs 556 crore, Amfi data showed.
The contribution via Systematic Investment Plans (SIPs) touched a new all-time high of Rs 27,269 crore in June. This is a 2.17 per cent gain from May’s contribution of Rs 26,688 crore.
"The number of contributing SIP accounts also touched an all-time high of 8.64 crore, underlining the growing trust in mutual funds as a disciplined investment vehicle," said Chalasani.
The number of new SIPs registered in June stood at 61,91,178 and the SIP AUM by the end of month stood at Rs 15.30 lakh crore.
The debt-oriented mutual funds saw net outflows of Rs 1,711.5 crore, narrowing the outflow seen in May, Rs 15,908.5 crore.
In April, debt funds had seen a massive inflow of Rs 2.19 lakh crore after seeing a heavy outflow of Rs 2.02 lakh crore in March.
Earlier, February recorded outflows of Rs 6,526 crore, while January had seen inflows of Rs 1.29 lakh crore.
Retail mutual fund folios under equity, hybrid, and solution-oriented schemes rose to 19.07 crore in June, up from 18.84 crore in May.
Correspondingly, retail AUM grew to Rs 43.99 lakh crore from Rs 42.19 lakh crore in the previous month.
The overall mutual fund folio count by the end of June stood at 24.13 crore.