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AMFI’s May 2024 Data: Sectoral/Thematic Fund Inflows Surged Over 270%

12 June 20246 mins read by Angel One
AMFI released data for May 2024. Equity mutual fund inflows surged by an impressive 83.42% month-on-month to a record high of Rs 34,697 crore in May 2024.
AMFI’s May 2024 Data: Sectoral/Thematic Fund Inflows Surged Over 270%
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The Association of Mutual Funds of India (AMFI) released data for May 2024, highlighting significant trends and shifts in the mutual fund industry. Here are some crucial takeaways from the latest figures:

Record-Breaking Equity Mutual Fund Inflows

Equity mutual fund inflows surged by an impressive 83.42% month-on-month to a record high of Rs 34,697 crore in May 2024. This surge marks a significant milestone for the industry.

Growth/Equity Oriented Schemes Net Inflow (+ve)/Outflow (-ve) for the month of May 2024 (Rs in crore) Net Inflow (+ve)/Outflow (-ve) for the month of April 2024 (Rs in crore) % Gain/Loss MoM
Multi Cap Fund 2,644.88 2,723.87 -3%
Large Cap Fund     663.09     357.56 85%
Large & Mid Cap Fund 2,396.91 2,638.91 -9%
Mid Cap Fund 2,605.70 1,793.07 45%
Small Cap Fund 2,724.67 2,208.70 23%
Dividend Yield Fund     445.27     341.35 30%
Value Fund/Contra Fund 1,404.34 1,986.73 -29%
Focused Fund   -306.55   -328.04 -7%
Sectoral/Thematic Funds   19,213.43 5,166.05 272%
ELSS   -249.80   -144.04 73%
Flexi Cap Fund 3,155.07 2,172.93 45%
    34,697.00   18,917.09 83%

Sustained Positive Inflows

Inflows into open-ended equity funds remained positive for the 39th consecutive month. This sustained growth indicates robust investor confidence and consistent investment trends in the equity markets.

Historical Highs

For the first time, equity mutual fund inflows surpassed the Rs 30,000 crore mark. The previous record was Rs 28,463 crore, achieved in March 2022, showcasing the unprecedented growth in May 2024.

Sectoral and Thematic Funds Lead the Surge

A substantial portion of the net investments into open-ended equity funds was driven by sectoral and thematic funds. These funds saw net inflows of Rs 19,213.43 crore during May. Notably, the HDFC Manufacturing Fund, classified under the Sectoral/Thematic category and launched in May, attracted Rs 9,563 crore from investors during its new fund offer (NFO) period.

Strong Inflows in Small-Cap and Mid-Cap Funds

Small-cap and mid-cap funds also saw significant net inflows of Rs 2,724.67 crore and Rs 2,605.70 crore, respectively. This indicates a growing investor interest in these segments.

Large-Cap Funds See Notable Increase

Large-cap funds experienced an 85% jump in net inflows in May 2024, with a total net inflow of Rs 663.09 crore. This substantial increase reflects investor confidence in the stability and growth potential of large-cap stocks.

April 2024 Decline Reversed

Equity mutual fund inflows had previously slumped by 16.42% to Rs 18,917.08 crore in April 2024. The May figures represent a robust recovery and renewed investor interest in equity funds.

Fixed-Income Category Faces Decline

In contrast, the fixed-income category saw net inflows slump by 77.73% during the month to Rs 42,294.99 crore. This decline highlights a shift in investor preference towards equity funds during this period.

The data released by AMFI for May 2024 reveals significant trends and shifts within the mutual fund industry, highlighting the growing confidence and dynamic investment strategies of investors.

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Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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