Equity Mutual Funds witnessed a record surge of Rs 34,697 crore inflows in May 2024. As par the data released by the Association of Mutual Funds of India (AMFI) Net inflow reached Rs.34697 Crore of Equity Oriented Schemes.
The Equity Oriented Schemes previous record for net inflows was Rs 28,463 crore hit in March 2022.
In April 2024 Equity Oriented Schemes inflow was at Rs.18917 Crore and Equity Mutual Funds inflow surge 83.42% increase in May 2024.
Strong Growth in last 5 Years: Several categories of equity mutual funds have given impressive returns in the last five years. Small-cap funds have delivered the highest average return of around 26.94%, followed by PSU theme based funds with 25.77%.
Top Performing Funds: Some of the top-performing funds are Quant Small Cap Fund, Invesco India PSU Equity Fund, CPSE ETF, Nippon India Small Cap Fund and SBI PSU Fund.
This record inflow in May 2024 indicates positive investor sentiment towards the equity market, despite recent volatility.
Diversification Opportunities: Investors can explore various categories of equity mutual funds to diversify their portfolios and potentially achieve higher returns.
Long-Term Investment: Equity mutual funds are generally considered suitable for long-term investment due to their potential for higher returns over time.
Equity mutual funds are a type of mutual fund that invests primarily in stocks. These funds offer investors the opportunity to participate in the potential growth of the stock market while diversifying their risk across a variety of companies.
Point to remember: Consult with a financial advisor before making any investment decisions. Investment in Mutual Fund contain risks.
Source: AMFI