Equity mutual fund inflows rise 31% to ₹38,306 crore in September; SIPs hit record high
Small-cap and mid-cap schemes attracted the largest investments, while debt fund redemptions dragged overall mutual fund flows into negative territory.
In September, equity mutual fund inflows surged by 31% to ₹38,306 crore, marking a notable increase from the preceding month. Systematic investment plans (SIPs) also reached an all-time high, totaling ₹32,490 crore, compared to ₹32,297 crore in August. Nitin Agrawal, CEO of Mutual Funds at InCred Money, attributed the strong inflows to investors viewing each market dip as an opportunity.
Among equity categories, small-cap funds saw the highest net inflow of ₹9,039 crore, followed by mid-cap funds with ₹7,835 crore. Large-cap funds, however, turned positive for the first time in three months, attracting ₹859 crore. Gold ETF inflows accelerated to ₹4,451 crore, while Silver ETFs recorded a net inflow of ₹1,974 crore.
Overall, the mutual fund industry observed a net outflow of ₹1.83 lakh crore, mainly driven by debt mutual funds, leading to a decline in total assets under management to ₹82.64 lakh crore by the end of September from ₹87.07 lakh crore in August.
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