Equity mutual fund inflows rise 31% in September: AMFI

Net inflows into equity mutual funds rose 30.61% month-on-month to Rs 38,306.55 crore in September, while the mutual fund industry's total assets under management (AUM) stood at Rs 82.64 lakh crore, according to data released by the Association of Mutual Funds in India (AMFI) on Monday.
Open-ended equity schemes recorded gross inflows of Rs 74,831.96 crore against redemptions of Rs 36,525.41 crore during the month. The net AUM of equity schemes stood at Rs 37.54 lakh crore, while their average AUM was Rs 38.51 lakh crore.Among equity categories, small-cap funds attracted the highest net inflows of Rs 9,038.57 crore, followed by mid-cap funds at Rs 7,834.84 crore and flexi-cap funds at Rs 6,701.80 crore.
Large and mid-cap funds recorded net inflows of Rs 4,271.22 crore, while multi-cap funds attracted Rs 3,859.55 crore. Sectoral and thematic funds received Rs 1,840.02 crore and Rs 1,800.07 crore, respectively. Focused funds, value funds and large-cap funds recorded inflows of Rs 1,390.84 crore, Rs 1,290.89 crore and Rs 859.47 crore, respectively.
However, contra funds registered net outflows of Rs 97.88 crore, while Equity Linked Savings Schemes (ELSS), commonly known as tax-saving funds, saw outflows of Rs 662.14 crore.
Despite positive equity fund flows, the overall mutual fund industry recorded net outflows of Rs 1,33,375.57 crore in September, mainly due to withdrawals from debt-oriented schemes. Debt mutual funds witnessed net outflows of Rs 1,83,155.76 crore during the month.
Meanwhile, exchange-traded funds (ETFs) recorded net inflows of Rs 15,501.40 crore. Equity ETFs attracted Rs 9,959.96 crore, followed by gold ETFs at Rs 4,450.61 crore and silver ETFs at Rs 1,974.32 crore.In August, equity mutual funds had recorded net inflows of Rs 29,328.62 crore, while the industry's total AUM stood at Rs 87.08 lakh crore.
The September data indicate continued investor interest in equity-oriented schemes, particularly small-cap and mid-cap funds, even as substantial withdrawals from debt funds weighed on overall industry flows and assets under management.

(Business Correspondent)