These 10 schemes that have attracted the highest inflows were from different categories. The list had two flexi cap, large cap, mid cap, and small cap funds, a contra fund and an ELSS fund that have received the highest inflows during January - June 2023 period (last available data).
Equity mutual funds saw a net inflow of ₹7,505 crore in July 2023, down from ₹8,245 crore in June, according to AMFI data. ETFs had an outflow of ₹353 crore in July, compared to inflows of ₹3,402 crore in June.
“The surge in retail investors interest in mutual funds has translated into impressive inflows across scheme categories. The star performer this month has been Systematic Investment Plan (SIP), with an impressive 33,06,337 new SIP accounts registered and a record Rs 15,245 crore of monthly contribution. Moreover, the industry s Assets Under Management (AUM) have grown by 25% YoY, underscoring mutual funds significance in financialization of savings,” said NS Venkatesh, CEO, Association of Mutual Funds in India (AMFI).
Since its launch in 2023, WhiteOak s equity scheme investing across, small-, mid- and large- cap stocks has grown its AUM from an original collection of Rs 550 crores during its new fund offer to Rs 1,642 crores in July 2023.