Actively managed equity mutual funds witnessed a sharp recovery in investor inflows during June, with net investments rising to Rs 28,973.41 crore from Rs 22,907.77 crore in May, according to monthly data released by the Association of Mutual Funds in India (AMFI).
The improvement comes after May recorded the lowest monthly equity inflows of 2026. Overall, the mutual fund industry reported net outflows of Rs 52,948.78 crore in June, an improvement from net outflows of Rs 64,021.17 crore in the previous month.
Systematic Investment Plan (SIP) contributions remained resilient, rising 2.7 per cent month-on-month to Rs 31,781 crore in June from Rs 30,954 crore in May. This marked the fifth consecutive month in which monthly SIP inflows remained at or above the Rs 31,000 crore level, underlining sustained participation from retail investors.
Across equity categories, inflows strengthened in most segments, with mid-cap funds attracting the highest inflows. Mid-cap schemes received Rs 6,090.17 crore during the month, compared with Rs 4,385.06 crore in May. Large-cap funds recorded inflows of Rs 2,067.48 crore, up from Rs 1,592.93 crore in the previous month.
Flexi-cap funds also saw improved investor interest, attracting Rs 5,231.31 crore compared with Rs 4,945.57 crore in May. Sectoral and thematic funds recorded inflows of Rs 1,469.26 crore, more than double the Rs 647.87 crore received a month earlier.
Small-cap funds remained among the preferred categories despite a moderation in flows, with net inflows easing to Rs 5,601.96 crore from Rs 6,263.56 crore in May.
Debt mutual funds continued to witness heavy redemptions, reporting net outflows of Rs 1.09 lakh crore in June, compared with Rs 96,948.51 crore in May. Liquid funds accounted for the largest outflows at Rs 42,293.29 crore, while overnight funds saw withdrawals of Rs 10,579.58 crore.
Hybrid funds attracted net inflows of Rs 12,892.76 crore during the month, lower than the Rs 16,538.47 crore recorded in May. Arbitrage funds remained stable, receiving net inflows of Rs 5,799 crore compared with Rs 5,697.90 crore in the previous month.
Gold exchange-traded funds (ETFs) staged a strong recovery, recording net inflows of Rs 3,443.23 crore in June after witnessing net outflows of Rs 725.04 crore in May, reflecting renewed investor demand for safe-haven assets amid heightened global uncertainty.
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