Investors poured in a net Rs 8,677.41 crore in equity mutual fund schemes compared to Rs 8,666.68 crore in August. Across categories, NFOs mobilised Rs 8,283 crore in September. Since March this year, equity funds have received a net inflow of Rs 68,551.24 crore.
Among equity categories, multi-cap funds saw the biggest inflow of Rs 3,569.45 crore while sectoral and flexi-cap funds saw net inflows of Rs 2,000 crore each. Apart from ELSS, small-cap funds also witnessed outflows in September.
“Equity-oriented NFOs continue to attract investors thus garnering robust flows. During the month five equity-oriented NFOs were launched which combined collected around Rs 6,579 crore, thus significantly contributing towards the net inflows. Passively managed funds continue to attract investors’ interest on the back of a sharp rally in the equity indices,” says Himanshu Srivastava, Associate Director – Manager Research, Morningstar India.
“Consequently, Index funds and other ETF categories recorded a net inflow of Rs 10,764 crore in September. With all the segments of the market – Large, mid and small-caps doing well, expectedly, multi-cap category was the biggest beneficiary during the month, followed by focussed and flexi-cap categories,” says Srivastava.
ET Online
ET OnlineDebt mutual funds saw net outflows worth Rs 63,910.23 crore in the month of September. In August, debt schemes had garnered inflows worth Rs 1,074.44 crore. Liquid funds saw outflows worth Rs 48,379.18 crore, followed by low duration funds at Rs 16,609.25 crore.
“Given the quarter end, Debt oriented funds, prominently with less than one-year maturity, witnessed net outflows, largely on account of advance tax payment in September. Overall, the segment witnessed a net outflow of Rs 63,910.23 crore, led by significant net outflows from liquid, ultrashort, low duration and money market categories,” says Himanshu Srivastava.
