Equity fund inflows fall 9% to ₹37,113 crore in July, SIP book at record high

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Equity fund inflows fall 9% to ₹37,113 crore in July, SIP book at record high

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August 9, 2024

Equity fund inflows fall 9% to ₹37,113 crore in July, SIP book at record high

Aug 09, 2024 03:32 PM IST

Monthly gross systematic investment plan (SIP) inflows hit a fresh record high of ₹23,332 crore during July.

Open-ended equity mutual fund inflows fell 8.61 per cent to ₹37,113.39 crore during July owing to a fall in investments in large-cap and mid-cap funds, as per the data released by the Association of Mutual Funds of India (AMFI).

23,332 crore during July. ” title=”Monthly gross systematic investment plan (SIP) inflows hit a fresh record high of ₹23,332 crore during July. “>

Monthly gross systematic investment plan (SIP) inflows hit a fresh record high of ₹23,332 crore during July.

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Feroze Azeez, Deputy CEO, Anand Rathi Wealth Limited, said, “Multicap funds have consistently attracted more inflows over the past three months, reaching ₹7,080 crore in Jul 24. Midcap funds, however, saw slower inflows this month, while small caps brought in nearly the same amount as in June 2024, around ₹2,000 crore. Surprisingly, large-cap funds haven’t seen higher inflows compared to June 2024, but dividend yield funds, which are large-cap oriented, recorded comparatively higher inflows at ₹630 crore against ₹520 crore last month.”