Mutual fund systematic investment plan (SIP) inflows in India increased 4% in September to Rs 29,361 crore, up from Rs 28,265 crore in August, according to data released by the Association of Mutual Funds in India (AMFI) on Friday.
Key Highlights
- Mutual fund SIP inflows reached ₹29,361 crore in September, marking a 4% increase from August.
- Despite overall mutual fund outflows, SIP contributions hit a record high, reflecting strong investor confidence.
Midcap funds received the most equity inflows at Rs 5,085 crore, followed by smallcap funds at Rs 4,362 crore. Sectoral and thematic funds received a more modest inflow of Rs 1,220 crore, while ELSS and dividend yield funds saw outflows of Rs 307 crore and Rs 167 crore, respectively.
Debt mutual funds saw significant outflows of Rs 1.01 lakh crore in September, up sharply from Rs 7,979 crore in August. Among debt sub-categories, overnight funds, medium to long duration funds, long duration funds, and dynamic bond funds all saw inflows, with overnight funds contributing the most at Rs 4,279 crore.
Multi Asset Allocation funds received the largest inflows of Rs 4,982 crore, while conservative hybrid and arbitrage funds saw outflows. Other schemes, such as index funds and exchange-traded funds (ETFs), performed well, with monthly inflows up 67% to Rs 19,056 crore in September from Rs 11,436 crore in August.
Also Read: Equity MF Inflows Fall to Rs 30,422 Cr in Sept: AMFI Data
Gold ETFs were particularly popular, attracting Rs 8,363 crore this month. Overall, open-ended mutual funds lost Rs 42,815 crore in September, while they gained Rs 52,501 crore in August. Despite this, total assets under management (AUM) of mutual funds in India increased by 0.57 percent in September, to Rs 75.35 lakh crore from Rs 74.93 lakh crore in August, indicating continued investor confidence in the mutual fund market.
According to experts, while the pace of inflows has slowed, the overall trend continues to reflect investor confidence in equities, which is supported by consistent SIP contributions and retail participation.
"Investors remained undeterred by intermittent market volatility and global uncertainties, reaffirming their long-term commitment to equity investing," according to analysts.
