Equity mutual fund inflows makes record more than 34697 crore rupees came in May, says AMFI

AMFI Data: Investment in mutual funds is continuously increasing. In May, a record investment of Rs 34,697 crore was made in equity mutual funds, much more than expected. It has increased by about 83 percent compared to April. This figure is a new milestone for the mutual fund industry.

Performance was disappointing in April

According to the data of Association of Mutual Funds of India (AMFI), April 2024 was disappointing for equity mutual funds. In this month, there was an investment of only Rs 18,917.08 crore with a decline of 16.42 percent. Whereas, in May, the investment figure in equity mutual funds has increased by 83.42 percent to Rs 34,697 crore. These figures show that investors' confidence in equity investment has strengthened.

Investment in open-ended equity funds increased rapidly

Investment in open-ended equity funds has increased rapidly in May. It has remained in the positive zone for the 39th consecutive month. Despite huge fluctuations in the equity market, investors' confidence in mutual funds has strengthened.

Excellent performance of sectoral and thematic funds

Investment in open-ended equity funds has increased due to the excellent performance of sectoral and thematic funds. These funds received an investment of Rs 19,213.43 crore in May. Investors have shown a lot of interest in this segment. Small Cap Funds also performed well in May. Small Cap Funds received an investment of Rs 2,724.67 crore. Along with this, Mid Cap Funds also received an investment of Rs 2,605.70 crore.

Large cap funds performed poorly

Despite the tremendous growth in equity mutual funds in May, the performance of Large Cap Funds has been sluggish. Only Rs 663.09 crore has been invested in this category. Investors' inclination was seen towards specialized and high-return funds.

read this also

PM Kisan: As soon as he took oath, PM Modi gave a gift to the farmers, Rs 2000 each was deposited in their accounts

Kim Kardashian Needs ‘Less Botox for More Emotion’ as Movie Actress

Kim Kardashian is ready for the next step in her career — but has some hesitations about what it may entail ...

Khloé Kardashian Recalls Ex Lamar Odom ‘Hounding’ for Her Number

Khloé Kardashian is looking back on her early beginnings with ex-husband Lamar Odom. During the June 20 episode of The Kardashians, Khloé reminisced ...

England vs West Indies T20 World Cup 2024 Super-8 Match Highlights England beat West Indies by 8 wickets Philip Salt

England vs West Indies T20 World Cup 2024 Match Highlights: England defeated West Indies by 8 wickets in the Super-8 ...

UGC NET Exam 2024 Explainer who conducts full form benefits of exam history UGC NET Cancelled

All about UGC NET: Due to the cancellation of UGC NET June exam, this exam has suddenly come into discussion ...

Fake electricity bill scam government takes action Electricity KYC Update Scam

Fake Electricity Bill: At this time, a message on social media 'Dear customer, your electricity will be cut off tonight ...

Khloé Kardashian Says She’ll ‘Be Married Again’ and Get ‘Fairytale’

Khloé Kardashian might not be looking for love right now, but she's certainly hopeful for her future! During the June 20 ...

Four women scored centuries in the same ODI Smriti Mandhana Harmanpreet Kaur Marizanne Kapp Laura Wolvaardt in IND W vs SA W match

Four women scored centuries in the same ODI: In women's international cricket, a three-match ODI series is being played between ...

IND vs AFG T20 World Cup 2024 Super-8 Probable playing XI of Indian team against Afghanistan Kuldeep Yadav and Mohammad Siraj

Indian Team Predicted Playing 11 vs Afghanistan: The Indian team will play its first match in the Super-8 today i.e ...

NEET 2024 Re-Exam Admit Card Released at exams.nta.ac.in 1563 candidates 23 june exam direct link

NTA Releases NEET 2024 Re-Exam Admit Card: The National Testing Agency has released the admit cards for NEET re-exam 2024 ...

Dee Development Engineers IPO fully subscribed on day1 GMP reaches 25 per cent

Amidst the record rally in the stock market, IPOs are being launched in the market and they are getting a ...

Leave a Comment