As per the AMFI data, the net inflows in equity mutual funds declined for the second consecutive month to Rs 30,422 crore in September, registering a 9% decline from Rs 33,430 crore in August.
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The mutual fund SIP inflows in September increased by 4% to Rs 29,361 crore, compared to Rs 28,265 crore in August, according to data from the Association of Mutual Funds in India (AMFI) released on Friday.
As per the AMFI data, the net inflows in equity mutual funds declined for the second consecutive month to Rs 30,422 crore in September, registering a 9% decline from Rs 33,430 crore in August.
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Further, the midcap funds received the highest inflow of Rs 5,085 crore in September, followed by smallcap funds, which received an inflow of Rs 4,362 crore.
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Among the 16 sub-categories, only overnight funds, medium to long duration funds, long duration funds, and dynamic bond funds received inflows. Overnight funds received the highest inflow of Rs 4,279 crore and liquid funds saw the highest outflow of Rs 66,042 crore in September.
Sectoral and thematic funds received the lowest positive inflow of Rs 1,220 crore. ELSS funds and dividend yield funds saw an outflow of Rs 307 crore and Rs 167 crore, respectively.
Debt mutual funds saw a total outflow of Rs 1.01 lakh crore in September against an outflow of Rs 7,979 crore in August.
Among six sub-categories, Multi Asset Allocation funds received the highest inflow of Rs 4,982 crore. Conservative hybrid funds and arbitrage funds saw outflow in September.
For the said period, the inflow in hybrid mutual funds declined by 39% to Rs 9,397 crore compared to an inflow of Rs 5,293 crore in August.
The other schemes, which include index funds and ETFs, saw a surge in monthly inflows by 67% to Rs 19,056 crore in September from Rs 11,436 crore in August. Gold ETFs received the highest inflow of Rs 8,363 crore.
The open-ended mutual funds saw an outflow of Rs 42,815 crore in September compared to an inflow of Rs 52,501 crore in August.
The total mutual fund assets under management (AUM) went up marginally by 0.57% on a monthly basis to Rs 75.35 lakh crore in September from Rs 74.93 lakh crore in August.
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