MF assets scale new peak of ₹45 lakh crore as stocks rally

MUMBAI: The total assets managed by the mutual fund industry neared the Rs 45-lakh-crore mark by Juneend, helped by a rallying

stock market

and robust inflows into equity schemes.
At the close of June, the total assets under management (AUM) of the

mutual fund

industry was at Rs 44. 8 lakh crore, an all-time high figure, data released by industry trade body Amfi showed.
Monthly contributions through the systematic investment plan (SIP) route,most of which flow into equity schemes, also remained constant around the Rs 14,700-crore mark. While equity funds showed strong inflows in June, liquid funds showed outflows due to advance tax payments during the month, industry players said.
According to

Motilal Oswal AMC

chief business officer Akhil Chaturvedi, among the equity fund categories, investors poured funds into small cap schemes, as has been the trend for the quarter and in the new financial year so far. Small cap schemes garnered nearly Rs 5,500 crore net inflow of the total Rs 8,637 crore net inflows in equity funds.