The mutual fund industry saw a notable decrease (43 per cent) in net inflows for the month of August, to ₹1.08 lakh crore against ₹1.89 lakh crore in July. This decline was driven primarily by a significant drop in inflows to the tune of 62 per cebt into debt mutual funds.
Despite the overall downturn, equity mutual funds saw a 3 per cent increase in inflows, reaching ₹38,239.16 crore. This uptick occurred even amid a relatively subdued performance in the equity markets.
The latest data from the Association of Mutual Funds of India (AMFI), released on September 10, highlights a continued positive trend in investor confidence within the mutual fund sector.
Large cap mutual funds saw an inflow of ₹2,636 crore in Sept against ₹670 crore in August.
Mid cap schemes saw an inflow of ₹3,054 crore against ₹1,644 crore in August. Small cap funds saw an inflow of ₹3,209 crore vis-à-vis ₹2,109 crore in August.
Meanwhile, sectoral funds saw an inflow of ₹18,117 crore in Aug against ₹18,383 crore in July.
Value schemes witnessed an inflow of ₹2,170 crore whereas the corresponding data for the previous month was ₹1,728 crore.
Flexi cap mutual funds saw an inflow of ₹3,513 crore against ₹3,052 crore.