Equity mutual funds attracted ₹34,419 crore in September, a 10 per cent decrease from the previous month, primarily due to a significant slump in inflows for thematic and large-cap funds, according to data from the Association of Mutual Funds in India (AMFI) released on Thursday.
Despite the decline, September marked the 43rd consecutive month of net inflows in equity funds. However, the overall mutual fund industry experienced a net outflow of ₹71,114 crore during the month, following an outflow of ₹1.08 lakh crore in August. This outflow was largely attributed to withdrawals of ₹1.14 lakh crore from debt schemes.
Interestingly, the industry's net assets under management rose to ₹67 lakh crore in September, up from ₹66.7 lakh crore at the end of August.
In detail, equity-oriented schemes saw an inflow of ₹34,419 crore in September, the lowest level since April, when equity schemes recorded investments of ₹18,917 crore.
This inflow was lower than the ₹38,239 crore seen in August and the ₹37,113 crore in July. In June and May, equity schemes attracted inflows of ₹40,608 crore and ₹34,697 crore, respectively.
Within equity schemes, sector or thematic funds led the way with the highest net inflows of ₹13,255 crore for the month, although this was down from ₹18,117 crore in August.
Large-cap funds experienced a decrease in inflows, attracting ₹1,769 crore compared to ₹2,637 crore the previous month.
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