India's mutual fund sector experienced a significant rise in equity net inflows to Rs 38,306.55 crore in September, marking a 30.61 percent month-on-month increase, as per data released by the Association of Mutual Funds in India (AMFI) on Monday.
Open-ended equity schemes mobilised a total of Rs 74,831.96 crore during the month, while redemptions amounted to Rs 36,525.41 crore.
The net assets under management (AUM) for equity schemes stood at Rs 37.54 lakh crore, with the average AUM for the month reported at Rs 38,50,660.61 crore.
Small cap funds recorded the highest inflow among categories at Rs 9,038.57 crore from 3.03 crore folios. These funds mobilised Rs 13,025.13 crore against redemptions of Rs 3,986.56 crore.
Other categories such as mid cap funds attracted Rs 7,834.84 crore, flexi cap funds Rs 6,701.8 crore, large & mid cap funds Rs 4,271.22 crore, and multi cap funds Rs 3,859.55 crore in inflows.
Thematic funds received Rs 1,800.07 crore, sectoral funds Rs 1,840.02 crore, focused funds Rs 1,390.84 crore, value funds Rs 1,290.89 crore, and large cap funds Rs 859.47 crore.
On the other hand, contra funds experienced an outflow of Rs 97.88 crore, while ELSS tax saver funds saw redemptions amounting to Rs 662.14 crore.
However, the overall mutual fund industry faced a net outflow of Rs 1,33,375.57 crore in September, mainly due to a significant debt schemes outflow of Rs 1,83,155.76 crore.
Exchange Traded Funds (ETFs) recorded a net inflow of Rs 15,501.40 crore in September, with equity ETFs receiving Rs 9,959.96 crore, gold ETFs Rs 4,450.61 crore, and silver ETFs Rs 1,974.32 crore in inflows.
In comparison, August saw a net equity fund inflow of Rs 29,328.62 crore, which was about 19 percent lower than September, while the total industry AUM stood at Rs 87.08 lakh crore, marking a modest increase of over 1 percent month-on-month.
