Net inflows into equity-oriented mutual fund (MF) schemes dropped 31% month-on-month to Rs 6,120 crore in August, according to the monthly data released by the Association of Mutual Funds in India (AMFI). This is the lowest inflow equity funds have witnessed in the last 10 months.
Within the equity category, sectoral/thematic funds segment saw the biggest outflow at Rs 1,267 crore, while the ‘mid cap fund’ segment saw the highest net inflows of Rs 1,479.42 crore.
Inflows through the SIP route stood at Rs 12,693 crore in August compared to Rs 12,139 crore in July. Meanwhile, five NFOs in the equity segment helped net Rs 3,062 crore.
Total net inflows into ETFs and index funds were at Rs 15,069 crore. Hybrid schemes, which invest in a mix of debt and equity, saw net outflows of Rs 6,602 crore. However, this was largely on account of Rs 8,548 crore outflows from the arbitrage fund category.
Debt-oriented schemes received net flows of Rs 49,164 crore compared to Rs 4,930 crore in July. The liquid funds category saw the highest net inflow of Rs 50,095 crores, followed by ultra-short duration funds at Rs 6,372 crore and money market funds at Rs 5,929 crore.
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