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The equity mutual funds witnessed a dip of 30.4% sequentially in September 2023, as per the data of the Association of Mutual Funds in India (AMFI). Mid-cap and small-cap funds continued to experience inflows, while large-cap funds showed outflows, as per the AMFI data.
In September 2023, equity mutual funds registered net inflows of Rs 13,857 crore as compared to Rs 20,161 crore in August 2023. As far as the debt funds category is concerned, outflows surged significantly.
Similarly, small-cap fund inflows touched Rs 2,678 crore, while mid-cap funds tipped at Rs 2,001 crore. At the same time, the multi-cap fund registered a net inflow of Rs 2,234.52 crore.
Liquid funds, which are debt funds used by businesses to store short-term cash, witnessed outflows of Rs 74,176.55 crore, which is 2.76 times compared with Rs 26,823.7 crore experienced in August 2023.
Also, credit-risk funds logged outflows of Rs 314.9 crore, which was for the fifth month in a row. These schemes clocked outflows of Rs 270.75 crore in August 2023.
In August 2023, mutual fund systematic investment plans (SIPs) registered a record high when Investors pumped in a record Rs 15,813 crore via the route offered by asset management companies (AMCs) or fund houses.
The overall assets under management (AUM) for retail investors’ reliance on equity and hybrid schemes was at Rs 24.38 lakh crore across 12.30 crore portfolios as of August-end.
Additionally, there was a record 19.58 lakh SIPs discontinued or matured in August 2023, which was at more than 17 lakh in July 2023. The mutual fund industry’s overall AUM surged to Rs 46.93 lakh crore in August 2023, as compared to Rs 46.37 lakh crore in July 2023.
Rajiv is an independent editorial consultant for the last decade. Prior to this, he worked as a full-time journalist associated with various prominent print media houses. In his spare time, he loves to paint on canvas.
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