Equity mutual funds garnered ₹14,091 crore in September as against ₹20,245 crore in August, according to data from Association of Mutual Funds of India (AMFI).
Flows through systematic investment plans (SIPs) were at ₹16420 crore – the highest in a month, as against ₹15,830 crore in August. Debt funds saw outflow of ₹1,01,512 crore, due to redemptions from liquid funds by companies ahead of the September quarter end. Overall, average asset under management rose to ₹47.50 lakh crore from ₹46.62 lakh crore in August thanks to the marked-to-market gains in equities.
Within equity schemes, multi-cap, thematic and flexi-cap scheme categories got the highest flows, while investments in mid-cap and small-cap funds slowed.
“There is a marginal shift amongst equity investors to multi-cap and flexi-cap funds, which is a healthy sign,” said Anthony Heredia, CEO, Mahindra Manulife Mutual Fund.Thematic funds saw inflows of ₹3,147 crore, the highest amongst all equity categories.
“Flows can be attributed to the fact that there were four new fund launches in this category which cumulatively garnered ₹1,629 crore,” said Melvyn Santarita, analyst – manager research, Morningstar Investment Adviser.Small-cap funds saw flows to the tune of Rs 2678 crore in September compared to Rs 4,265 crore in August.
“The monthly net inflow into small-cap funds slowed to Rs.2,678 crore, marking the first slowdown after 4 months of heavy inflows, averaging at Rs.4,298 crore for the May-Aug period,” said Gopal Kavalireddi, Vice President – Research of brokerage Fyers.
Midcap funds saw flows of Rs 2001 crore as against Rs 2512 crore in August.
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Top Trending Stocks: Sensex Today Live, SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price