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Informist, Friday, Jul. 10, 2026

 

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--AMFI: MF industry Jun net outflows INR 529.49 bln 
--AMFI: MF industry AUM at INR 82.22 tln as on Jun 30 
--AMFI: Open-ended debt funds Jun net outflows INR 1.09 tln 
--AMFI: Open-ended debt funds AUM at INR 17.38 tln as on Jun 30 
--AMFI: Liquid funds Jun net outflows INR 422.93 bln 
--AMFI: Liquid funds AUM at INR 5.71 tln as on Jun 30 
--AMFI: Money mkt funds Jun net outflows INR 105.95 bln 
--AMFI: Money mkt funds AUM at INR 3.04 tln as on Jun 30 
--AMFI: Low duration funds Jun net outflows INR 164.84 bln 
--AMFI: Low duration funds AUM at INR 1.14 tln as on Jun 30 
--AMFI: Open-ended equity funds Jun net inflows INR 289.73 bln 
--AMFI: Open-ended equity funds AUM at INR 37.34 tln as on Jun 30 
--AMFI: Open-ended Mid cap funds Jun net inflows INR 60.90 bln 
--AMFI: Open-ended Mid cap funds AUM at INR 5.06 tln as on Jun 30 
--AMFI: Open-ended small cap funds Jun net inflows INR 56.02 bln 
--AMFI: Open-ended small cap funds AUM at INR 4.30 tln as on Jun 30 
--AMFI: Open-ended gold ETF net inflows INR 34.43 bln in Jun 
--AMFI: Open-ended gold ETF AUM INR 1.70 tln in Jun 
--AMFI: Open-ended silver ETF net inflows INR 42.86 bln in Jun 
--AMFI Chalasani: Uncertainty from US-Iran war continues 
--CONTEXT: AMFI mgmt's remarks in conference call after Jun MF data release 
--AMFI: MF Jun SIP inflow INR 317.81 bln vs INR 309.54 bln May 
--AMFI: MFs added 2.03 mln new folios under SIP in Jun 
--AMFI: 5.06 mln SIP folios matured, discontinued in Jun 
--AMFI Chalasani: Correction in gold prices made Gold ETF attractive in Jun 
--AMFI Chalasani: Outflow from debt funds on account of qtr-end redemptions 
--AMFI Chalasani: Expect govt tax relief steps to support FPI inflows in debt 
--AMFI Chalasani: RBI's FCNR(B) deposit measure to aid inflows, liquidity 
--AMFI Chalasani: Jul-Sept to be better for debt funds 
--AMFI Chalasani: SIP inflows at all-time high in Jun 
 

 

MUMBAI – The mutual fund industry recorded net outflows for the second consecutive month in June, led by outflows from debt-oriented funds, data released by the Association of Mutual Funds in India Friday showed. However, the outflows recorded by the industry fell on a monthly basis due to higher inflows into equity-oriented funds. 

Net outflows recorded by the mutual fund industry were INR 529.49 billion in June, down from INR 640.21 billion in May, according to the data. The mutual fund industry's total assets under management rose marginally to INR 82.22 trillion as of Jun. 30 from INR 81.58 trillion as of May 31. 

 

Open-ended debt funds saw net outflows of INR 1.09 trillion in June, up over 12% on month. The total assets under management fell nearly 5% on month to INR 17.38 trillion as of Jun. 30 from INR 18.25 trillion as of May 31. 

 

The outflows from debt funds were driven by net outflows recorded by liquid funds, also known as short-term funds. In June, liquid funds recorded net outflows of INR 422.93 billion, down from INR 296.81 billion in May, the data showed. The assets under management also fell to INR 5.71 trillion from INR 6.09 trillion in May.

 

Outflow from debt funds was on account of quarter-end redemption pressure faced by mutual funds amid tax payments, Venkat Chalasani, chief executive of the association, said in a conference call. He expects the government's measures on tax relief announced in June to support inflows from foreign portfolio investors into debt. The Reserve Bank of India's foreign currency non-resident dollar-denominated bank deposits scheme will aid foreign inflows and liquidity, he said, adding that the September quarter is likely to be "better" for debt funds.

 

Under debt-oriented funds, low duration funds recorded the second-highest net outflows in June at INR 164.84 billion, up from INR 94.00 billion in May. The assets under management of low duration funds were INR 1.14 trillion as of Jun. 30, down from INR 1.29 trillion a month ago. Money market funds recorded net outflows of INR 105.95 billion in June and assets under management were at INR 3.04 trillion as of Jun. 30.

 

Chalasani said the INR 1.09 trillion of outflow from debt schemes was concentrated in liquid and ultra-short-duration funds and was largely seasonal. "The outflows are largely on account of the quarter-end...mostly on account of ultra-short and short-term plans," he said.

 

He said the government's tax relief measures for foreign investors in government securities, along with the Reserve Bank of India's recent Foreign Currency Non-Resident (Bank) deposit initiative, are likely to improve liquidity and attract fresh inflows into debt markets. "The government of India did give certain relaxations… which would definitely attract the inflows...The forex FCNR(B) scheme that has been launched by RBI will also attract more inflows into the Indian market… liquidity will further improve," Chalasani said. "So, there will be a positive inflow into the system." 

 

Net inflows into open-ended equity mutual funds rose to a three-month high in June, supported by sustained investor interest in mid- and small-cap schemes, while systematic investment plan contributions touched a record high despite lingering geopolitical uncertainty. Net inflows into open-ended equity schemes stood at INR 289.73 billion in June, the 64th consecutive month of positive inflows. Assets under management of equity funds rose to INR 37.34 trillion as on Jun. 30 from INR 36.14 trillion a month earlier, aided by both inflows and mark-to-market gains.

 

Among equity categories, mid-cap funds attracted the highest inflows at INR 60.90 billion, taking their AUM to INR 5.06 trillion, while small-cap funds received INR 56.02 billion, with assets rising to INR 4.30 trillion. Chalasani said investor confidence in Indian equities remains underpinned by the country's growth prospects despite heightened global risks.

 

"The geopolitical tensions, they are changing by the day...volatility continues to be there. But overall long-term growth story is intact," Chalasani said, noting that India continues to be viewed as one of the fastest-growing major economies even as external risks persist. He added that uncertainty stemming from the conflict involving the US and Iran continues to cloud investor sentiment, although foreign portfolio investors returned to Indian markets in the latter half of June after initial outflows.

 

SIP contributions climbed to an all-time high of INR 317.81 billion in June from INR 309.54 billion in May, reflecting continued participation from retail investors. The industry added 2.03 mln new SIP folios during the month, while 5.06 mln SIP accounts matured or were discontinued.

 

Gold exchange-traded funds also witnessed healthy inflows during the month after a correction in bullion prices. "Maybe people have seen that there is a good amount of correction in the gold and therefore people would have thought that it is a good level to buy," Chalasani said, referring to the INR 34.43 billion of inflows into gold ETFs in June.  End

 

Reported by J. Navya Sruthi and Kabir Sharma

Edited by Avishek Dutta

 

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