New Delhi, July 9 -- Equity mutual fund inflows rose by 24% in June to Rs.23,587 crore, as per monthly data from the Association of Mutual Funds in India (AMFI). In comparison, the inflows stood at Rs.19,013 crore in May.
A total of 61.91 lakh new SIPs were registered during the month, taking the number of active contributing SIP accounts to 8.64 crore. The SIP contribution reached a record Rs.27,268.79 crore, while the SIP AUM stood at an impressive Rs.15.30 lakh crore.
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, ...
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