Equity mutual funds inflows surge to ₹20,245 crore in August: AMFI data
In August 2023, equity mutual funds experienced a significant surge in net inflows, reaching a five-month high of ₹20,161 crore. This marked a substantial increase compared to the ₹7,505 crore inflow observed in July 2023, as per data from the Association of Mutual Funds in India (AMFI). However, debt mutual funds faced outflows amounting to ₹25,872 crore during the same period.
The Mutual Fund industry in India reported Total Assets Under Management (AUM) of ₹46.63 lakh crore, showing a slight increase from ₹46.37 lakh crore in the previous month (MoM), reported CNBC TV 18.
Also read: Equity mutual fund inflows fall to ₹7,626 crore in July: AMFI Data
The Small Cap Mutual Funds in India saw an inflow of ₹4,265 crore compared to ₹4,171 crore in the previous month (MoM).
The Systematic Investment Plan (SIP) inflows in India reached an all-time high of Rs15,814 crore, surpassing the previous month’s inflow of Rs15,243 crore (MoM).
The New Fund Offers (NFOs) in the mutual fund industry amounted to ₹7,343 crore, showing an increase from the previous month’s figure of ₹6,723 crore (MoM).
Similarly, the Midcap Mutual Funds recorded an inflow of ₹2,512 crore in August, a significant increase from ₹1,623 crore in the previous month (MoM).
Read full report at Association of Mutual Funds
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Updated: 11 Sep 2023, 12:30 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.