The ELSS category on the other hand witnessed an increase in net inflows in July 2018 at Rs. 940 crores compared to Rs. 906 crore and Rs. 866 crore for May and June 2018 respectively.
Liquid and money market funds witnessed net outflows of Rs. 31,141 crores in July, a reversal of the category’s trend in June when inflows of Rs. 52,104 crores was recorded. However liquid funds are used by large institutions for their short term treasury requirements and inflows in them tend to be volatile.
Other mutual fund categories that saw significant outflows in July include income funds, ETFs, gold ETFs and Gilt schemes. This may have been a result of poor debt fund returns in 2018 due to a series of interest rate hikes. The gold price has also been stagnant for much of 2018.
The following is the detailed inflows/outflows data as provided by AMFI for June and July 2018.
Source: AMFI Research