AMFI Data June 2026: Equity Mutual Fund inflows Rise 26% in June; Debt Outflows Widen


    By Dalal Street Investment Journal (DSIJ)

    Summary :

     

    Equity-oriented mutual funds attracted ₹28,973 crore in June, driven by strong inflows into mid-cap, small-cap and flexi-cap funds, while hybrid and ETF investments also strengthened. However, debt schemes witnessed withdrawals exceeding ₹1 lakh crore, keeping the mutual fund industry's overall monthly flows negative despite improving gross fund mobilisation and rising assets under management.

    AMFI June 2026 Mutual Fund Data

    Equity-oriented mutual fund schemes attracted net inflows of ₹28,973 crore in June, up 26.5% from ₹22,908 crore in May. Mid-cap, small-cap and flexi-cap funds remained the biggest contributors, while sectoral and thematic fund inflows more than doubled during the month.

    The mutual fund industry, however, continued to report overall net outflows as debt-oriented schemes witnessed withdrawals of more than ₹1 lakh crore. Total industry outflows stood at ₹52,949 crore in June, narrowing 17.3% from ₹64,021 crore in May.

    Other schemes, comprising index funds, gold exchange-traded funds, other ETFs and overseas fund-of-funds, staged a sharp recovery. The category received ₹16,724 crore in June compared with only ₹362 crore in May, largely because of strong inflows into ETFs.

    June mutual fund flow snapshot

    Category

    May 2026 net flow

    June 2026 net flow

    Month-on-month movement

    Equity schemes

    ₹22,907.77 crore

    ₹28,973.41 crore

    Inflows rose 26.5%

    Debt schemes

    -₹96,948.51 crore

    -₹1,09,053.65 crore

    Outflows widened 12.5%

    Hybrid schemes

    ₹10,560.24 crore

    ₹12,892.76 crore

    Inflows rose 22.1%

    Solution-oriented schemes

    ₹270.36 crore

    ₹320.87 crore

    Inflows rose 18.7%

    Other schemes

    ₹361.99 crore

    ₹16,724.26 crore

    Inflows surged 4,520%

    Open-ended schemes

    -₹62,848.15 crore

    -₹50,142.35 crore

    Outflows narrowed 20.2%

    Overall industry

    -₹64,021.17 crore

    -₹52,948.78 crore

    Outflows narrowed 17.3%

    Overall industry outflows narrow despite higher redemptions

    The mutual fund industry recorded net outflows of ₹52,948.78 crore in June, compared with net withdrawals of ₹64,021.17 crore in May.

    Gross fund mobilisation increased 26.3% month-on-month to ₹15.19 lakh crore from ₹12.03 lakh crore. At the same time, gross redemptions rose 24.1% to ₹15.72 lakh crore from ₹12.67 lakh crore.

    Because fresh mobilisation grew slightly faster than redemptions, the overall net outflow narrowed by about ₹11,072 crore during the month.

    Open-ended schemes reported net outflows of ₹50,142 crore, 20.2% lower than the ₹62,848 crore withdrawn in May. Closed-ended scheme outflows, however, widened to ₹2,806 crore from ₹1,166 crore, an increase of 140.8%. The rise was primarily associated with redemptions from fixed-term plans.

    Equity funds: Inflows rebound 26%

    Net investments in open-ended equity schemes increased to ₹28,973 crore in June from ₹22,908 crore in May, registering growth of 26.5%.

    The improvement was broad-based. Nine of the 11 equity fund categories attracted positive net flows, while only equity-linked savings schemes and dividend-yield funds remained in outflow territory.

    Mid-cap funds recorded the highest inflows among equity categories at ₹6,090 crore, up 38.9% from ₹4,385 crore in May. Small-cap fund inflows rose 13.3% to ₹5,602 crore from ₹4,946 crore.

    Together, mid-cap and small-cap schemes attracted ₹11,692 crore, accounting for more than 40% of total equity fund inflows during June.

    Flexi-cap funds were another major contributor, receiving ₹5,231 crore. Inflows were only 1.1% higher than May’s ₹5,176 crore, but the category remained one of the largest destinations for fresh investments.

    Large and mid-cap fund inflows rose 31.8% to ₹4,321 crore, while multi-cap fund collections increased 34% to ₹3,070 crore. Large-cap schemes received ₹2,067 crore, up 29.8% from ₹1,593 crore in May.

    Sectoral and thematic funds witnessed one of the sharpest increases. Net inflows more than doubled to ₹1,469 crore from ₹648 crore, representing growth of 126.8%.

    Focused fund inflows increased 34.7% to ₹1,118 crore, while value and contra fund inflows rose 34.8% to ₹687 crore.

    Dividend-yield funds continued to see withdrawals, although outflows narrowed 49.3% to ₹49 crore from ₹97 crore. ELSS funds recorded outflows of ₹634 crore, marginally lower than the ₹651 crore withdrawn in May.

    Flexi-cap, mid-cap and small-cap funds together attracted ₹16,923 crore, representing around 58% of total equity scheme inflows in June.

    Debt funds: Outflows cross ₹1 lakh crore

    Debt-oriented schemes recorded net outflows of ₹1,09,054 crore in June, compared with ₹96,949 crore in May. The magnitude of withdrawals consequently increased 12.5% month-on-month.

    Liquid funds experienced the largest withdrawals at ₹42,293 crore. Outflows widened 42.5% from ₹29,681 crore in May.

    Low-duration fund withdrawals increased 75.4% to ₹16,484 crore from ₹9,400 crore. Ultra-short-duration fund outflows rose sharply to ₹11,426 crore from ₹1,617 crore, an increase of more than 600%.

    Money-market fund outflows, however, moderated considerably. The category recorded withdrawals of ₹10,595 crore, 57.1% lower than May’s ₹24,692 crore.

    Overnight fund outflows also narrowed 31.9% to ₹10,580 crore from ₹15,525 crore. These categories are commonly used for short-term liquidity management, making their monthly flows susceptible to changes in institutional and corporate cash requirements.

    Corporate bond funds registered outflows of ₹7,557 crore, 7.8% higher than the ₹7,010 crore withdrawn in May. Short-duration fund outflows increased 51.5% to ₹5,887 crore.

    Medium-to-long-duration fund withdrawals widened to ₹766 crore from ₹229 crore, while dynamic bond fund outflows increased 47.1% to ₹961 crore.

    Gilt fund outflows moderated 34.9% to ₹1,096 crore. Withdrawals from gilt funds with a constant 10-year duration declined 65.7% to ₹102 crore.

    Credit-risk funds and floater funds were the only debt categories to record positive net investments. Credit-risk fund inflows rose to ₹248 crore from ₹49 crore, while floater funds reversed from an outflow of ₹401 crore in May to an inflow of ₹452 crore in June.

    Liquid, low-duration, ultra-short-duration, money-market and overnight funds together accounted for nearly 84% of total debt fund outflows during the month.

    Hybrid funds: Inflows rise 22%

    Hybrid schemes attracted ₹12,893 crore in June, up 22.1% from ₹10,560 crore in May.

    Arbitrage funds remained the largest contributor, receiving ₹5,799 crore compared with ₹5,698 crore in May, an increase of 1.8%.

    Multi-asset allocation fund inflows rose 22.5% to ₹4,811 crore from ₹3,929 crore. Together, arbitrage and multi-asset allocation funds accounted for more than 82% of total hybrid scheme inflows.

    Aggressive hybrid fund inflows more than tripled to ₹2,121 crore from ₹655 crore, registering growth of 223.7%.

    Balanced advantage and dynamic asset allocation fund inflows increased to ₹553 crore from ₹181 crore, a rise of 205.2%. Conservative hybrid funds received ₹103 crore compared with ₹22 crore in May.

    Equity savings funds were the only hybrid category to report net withdrawals. The category moved from an inflow of ₹75 crore in May to an outflow of ₹495 crore in June, representing a negative flow swing of around ₹570 crore.

    Gold ETFs and other ETFs drive turnaround

    Other schemes witnessed one of the most notable changes in June. Net inflows surged to ₹16,724 crore from ₹362 crore in May, an increase of more than 45 times.

    Other ETFs attracted ₹13,238 crore after recording net outflows of ₹620 crore in May. This represented a positive flow swing of approximately ₹13,858 crore. The category accounted for nearly 79% of total inflows into other schemes.

    Gold ETFs also returned to positive territory. They received net investments of ₹3,443 crore in June compared with outflows of ₹725 crore in May, resulting in a positive swing of ₹4,168 crore.

    Index funds, on the other hand, moved into marginal outflows. The category recorded withdrawals of ₹59 crore after receiving ₹943 crore in May.

    Fund-of-funds investing overseas attracted ₹102 crore, down 86.7% from ₹764 crore in the preceding month.

    The sharp recovery in other schemes was therefore driven almost entirely by non-gold ETFs and gold ETFs, which together brought in ₹16,681 crore during June.

    Children’s funds support solution-oriented schemes

    Solution-oriented schemes received ₹321 crore in June, up 18.7% from ₹270 crore in May.

    Children’s fund inflows increased 30.2% to ₹264 crore from ₹203 crore. Retirement fund inflows declined 15.6% to ₹57 crore from ₹68 crore.

    While the category remains relatively small compared with equity and hybrid funds, it continued to record steady positive net investments.

    Industry assets rise to ₹82.22 lakh crore

    The mutual fund industry’s month-end assets under management increased 0.8% to ₹82.22 lakh crore as of June 30, 2026, from ₹81.58 lakh crore at the end of May.

    Equity scheme assets rose 3.3% to ₹37.34 lakh crore from ₹36.14 lakh crore. Hybrid scheme assets increased 2.5% to ₹11.44 lakh crore.

    Debt fund assets, however, declined 4.8% to ₹17.38 lakh crore from ₹18.25 lakh crore, reflecting the category’s sizeable net withdrawals during June.

    Assets managed under other schemes remained broadly stable, rising 0.3% to ₹15.30 lakh crore.

    The total number of mutual fund folios increased by 20.31 lakh, or 0.7%, to 27.86 crore from 27.66 crore. Equity-oriented schemes added approximately 9.46 lakh folios, while debt schemes added about 2.27 lakh folios.

    Seven new schemes raise ₹460 crore

    Seven new schemes completed their allotments during June and mobilised ₹460 crore. This compared with 13 schemes raising ₹471 crore in May.

    Although the number of new schemes declined 46.2%, total mobilisation fell only 2.3%, indicating a higher average collection per launch.

    WhiteOak Capital Aggressive Hybrid Fund raised ₹310 crore, accounting for more than 67% of June’s new fund offer mobilisation.

    The Wealth Company Large & Mid Cap Fund mobilised ₹87 crore. Three new index funds raised a combined ₹48 crore, while two equity ETFs collected ₹15 crore.

    The June data indicates that investor demand strengthened across active equity, hybrid, gold ETF and other ETF categories. However, sizeable withdrawals from liquid and shorter-duration debt funds continued to keep the industry’s overall monthly flow in negative territory.

    Source: Dalal Street Investment Journal (DSIJ), BSE

    About the Author

    SEBI Registered Research Analyst (INH000006396).


    Founded in 1986, Dalal Street Investment Journal (DSIJ) brings decades of experience in India’s equity markets. DSIJ's research combines fundamental analysis with price action, guided by disciplined risk management and capital preservation. They follow a structured, data-driven approach designed to help investors and traders make informed decisions beyond short-term market noise. 

    Published Date : 10 Jul 2026

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    Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



    This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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