Mutual fund trends: Equity inflows hit record Rs 42,702 crore in July, sectoral funds lead, debt sees Rs 1.06 lakh crore revival
In July 2024, equity inflows stood at Rs 37,113 crore.
Sectoral and thematic schemes topped the equity charts, pulling in Rs 9,426 crore, a 1,882% jump from Rs 475 crore in June. Flexi-cap funds followed with Rs 7,654 crore, while small- and mid-cap categories brought in Rs 6,484 crore and Rs 5,182 crore, up 61% and 38%, respectively, according to an ET report.
Dividend yield funds, despite rising 112% month-on-month, saw the lowest inflow at Rs 96.65 crore.
Equity-linked savings schemes (ELSS) remained the only laggard with Rs 368 crore in outflows, lower than June's Rs 556 crore.
Debt flows turn positive
Investor interest in fixed income returned sharply in July. Of the 16 debt sub-categories, most reported inflows, led by money market funds with Rs 44,573 crore and liquid funds with Rs 39,354 crore.
Medium-duration funds recorded the smallest gain at Rs 23.98 crore. Banking & PSU funds posted the steepest outflow at Rs 661 crore, followed by long-duration funds at Rs 416 crore.
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Hybrid and passive segments
Hybrid mutual funds saw inflows of Rs 20,879 crore in July, 10% lower than June's Rs 23,222 crore. Arbitrage funds dominated with Rs 7,295 crore, trailed by multi-asset allocation funds at Rs 6,197 crore and balanced advantage funds at Rs 2,611 crore. Conservative hybrid funds drew Rs 308 crore.
Passive products saw a sharp rebound, with inflows more than doubling to Rs 8,259 crore from Rs 3,997 crore in June. Other ETFs accounted for Rs 4,476 crore, index funds for Rs 2,329 crore, gold ETFs for Rs 1,256 crore, and overseas fund-of-funds for Rs 196 crore.
AUM growth and fund launches
Industry assets under management (AUM) rose 1% to Rs 75.10 lakh crore in July from Rs 74.14 lakh crore a month earlier, and 16% year-on-year from Rs 64.69 lakh crore.
Around 30 open-ended funds were launched in July, mobilising Rs 30,416 crore. Debt-oriented NFOs led with Rs 18,948 crore from five schemes, while nearly 10 equity launches collected Rs 8,997 crore. Thirteen passive NFOs gathered Rs 584 crore, and two hybrid schemes raised Rs 1,887 crore.
'Equity (including hybrid) net sales zoomed to over Rs 45,000 crore in July 2025, driven by a series of new fund offers and strong SIP inflows. Domestic investors continue to place their trust in mutual fund schemes and SIPs. The distribution community remains focused on educating investors about the long-term benefits of staying invested in mutual funds and using SIPs as an effective medium for equity investing,' said Manish Mehta, National Head – Sales, Marketing & Digital Business, Kotak Mahindra AMC.
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