New Delhi, July 9 -- After witnessing a sharp 21.7% decline in May, net inflows into equity mutual funds bounced back strongly in June, rising 24% month-on-month to Rs.23,568 crore, according to the latest data released by the Association of Mutual Funds in India (AMFI) on July 9.This marks a significant recovery from May's Rs.18,994.56 crore-the lowest equity inflow level since April 2024.

Overall mutual fund inflows saw a strong surge in June, rising 67% month-on-month to Rs.49,301 crore, compared to Rs.29,572 crore in May, as per AMFI data.

Meanwhile, the total assets under management (AUM) for the mutual fund industry also witnessed a steady 3% rise, climbing to Rs.74.14 lakh crore in June from Rs.71.93 lakh crore in May - marking a...