Inflows into equity mutual funds declined by 9 per cent on a month-on-month basis to Rs 30,421.69 crore in September, compared to Rs 33,403.37 crore in the previous month, according to the latest data from the Association of Mutual Funds (AMFI).
Inflows into equity mutual funds declined as retail investors remained cautious due to market fluctuations.
Total assets under management (AUM) of the mutual industry marginally rose to Rs 75.61 lakh crore in the reporting month, compared to Rs 75.19 lakh crore.
Inflows through systematic investment plan (SIP) rose to a record high of Rs 29,361 crore in September, from Rs 28,265 crore in August.
Among equity mutual fund schemes, small cap funds witnessed a 12 per cent decline in inflows at Rs 4,362.9 crore, compared to Rs 4,992.91 crore in the previous month. Inflows in mid cap funds dipped 4.6 per cent on a month-on-month basis to Rs 5,085.40 crore, while large cap funds saw 18 per cent drop in inflows to Rs 2,319.04 crore compared to Rs 2,834.88 crore in the previous month.
Net inflows into sectoral/thematic funds declined by 67 per cent to Rs 1,220.89 crore in September from Rs 3,893.16 crore in the previous month.
During the reporting month, inflows into debt mutual funds remained negative, with net outflows of Rs 1,01,977.26 crore, compared to an outflow of Rs 7,979.84 crore in August.
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“Debt flows, however, turned negative, primarily due to quarter-end liquidity requirements. Festive season spending may also have contributed to the weak/negative flows in this segment,” said Anand Vardarajan, chief business officer, Tata Asset Management.
Liquid mutual funds recorded the highest outflows at Rs 66,042.32 crore, while money market funds saw outflows of Rs 17,899.9 crore.
Inflows into hybrid mutual funds declined 38 per cent to Rs 9,397.22 crore from Rs 15,293.7 crore.
In the reporting month, the SIP AUM stood at Rs 15,52,303 crore, accounting for 20.2 per cent of the mutual fund industry’s total assets.
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