Mutual Funds: Small-cap fund inflows at record high of ₹5,472 crore in June, shows AMFI data

The equity mutual funds have witnessed a net inflow of ₹8,245 crore in June 2023 as against ₹2,906 crore in May 2023.  AMFI informed us about the record data high in a call today.

The inflows into equity funds have come on the back of the Indian market making a strong recovery.

The total assets under management (AUM) stood at ₹44.39 lakh crore versus ₹3.20 lakh crore MoM.

The investments via systematic investment plans (SIPs) inched lower to ₹14,734 crore in June.

Large-cap funds, however, witnessed an outflow of ₹2,050 crore. Equity-linked savings scheme (ELSS) stood at ₹475 crore in June.

As per data  available on Value Research, these five small-cap MF offered the best returns in the last six months 

1)HDFC Small Cap Fund- Direct Plan- 21.13%

2)Franklin India Smaller Companies Fund – Direct Plan-20.36%

3)Tata Small Cap Fund – Direct Plan- 15.48%

4)Nippon India Small Cap Fund – Direct Plan- 19.79%

5)Quant Small Cap Fund – Direct Plan- 13.05%

Investment in small-cap mutual funds is associated with higher risk levels compared to large and mid-cap funds as they invest in lesser-known and under-researched companies

Equity mutual funds saw net inflows of ₹2,906 crore in the month of May 2023. Inflow in May was the lowest since November 2022, when equity mutual funds witnessed an infusion of ₹2,258 crore.

This is a developing story

Updated: 10 Jul 2023, 01:19 PM IST