New Delhi, July 12 -- Multi-asset allocation funds remained a preferred choice for investors in June, emerging as one of the largest contributors to inflows into hybrid mutual funds.

Inflows into multi-asset allocation funds rose more than 22% month-on-month (MoM) in June. According to data from the Association of Mutual Funds in India (AMFI), multi-asset allocation funds attracted inflows of Rs.4,810.76 crore in June, up from Rs.3,928.51 crore in May, reflecting a 22.46% MoM increase.

The strong inflows come amid heightened market volatility driven by geopolitical tensions, foreign capital outflows, rising concerns over inflation, potential interest rate hikes and sharp movements across equities, gold, and other asset classes, leading ...