Investors netted Rs 8,677.41 crore Equity Mutual Fund schemes as compared to Rs 8,666.68 crore in August. Across all categories, NFOs raised Rs 8,283 crore in September. There has been a net inflow of Rs 68,551.24 crore into equity funds since March this year.
In the equity category, multi-cap funds saw the highest exposure of Rs 3,569.45 crore, while sectoral and flexi-cap funds saw a net inflow of Rs 2,000 crore each. Apart from ELSS, smallcap funds also saw withdrawals in September.
NS Venkatesh said, “Mutual Fund Monthly SIP Contribution is a milestone of Rs 10,000 crore for the first time and the industry AUM touching an all-time high of Rs 36.73 lakh crore is historic, and reflects the continued retail investor confidence in Mutual Funds.” CEO, AMFI.
“Retail investors are preferring mutual funds over bank FDs, and low-yield traditional savings avenues such as gold and real estate. On the back of a rapid recovery in the economic scenario, due to favorable RBI policy and easing of COVID-related restrictions The equity asset class will continue to deliver better risk-adjusted returns,” Venkatesh said.
Himanshu Srivastava, Associate Director- Manager Research, Morningstar India, pointed out that equity-oriented NFOs continue to attract investors and thus get strong inflows.
“During the month, five equity-oriented NFOs were launched, which combined collected around Rs 6,579 crore, thus contributing significantly to the net inflows. Passively managed funds on the back of the sharp rally in equity indices piqued the interest of investors. Let’s continue to draw,” Srivastava said.
“As a result, index funds and other ETF categories reported a net inflow of Rs 10,764 crore in September. Expectedly, the multi-cap category is the largest, with all the market segments – large, mid and small-cap – performing well. was the beneficiary. Next comes the number of focused and flexi-cap categories.”
and onlineNet outflow of debt mutual funds stood at Rs 63,910.23 crore in the month of September. Debt schemes had invested Rs 1,074.44 crore in August. Liquid funds saw an outflow of Rs 48,379.18 crore, followed by short term funds at Rs 16,609.25 crore.
“Looking at the end of the quarter, debt oriented funds, primarily those with maturities of less than a year, saw a net outflow mainly on account of advance tax payments in September. Overall, the segment saw a net outflow of Rs 63,910.23 crore. Gaya, led by significant outflows from pure liquid, ultrashort, short term and money market categories,” says Himanshu Srivastava.