Retail investor interest in equity mutual funds continued to remain strong. In August, inflows into equity funds surged to ₹20,245 crore, data from the association of mutual funds of India showed.
This surge marked a significant increase compared to the ₹7,505 crore inflow observed in July 2023.
Meanwhile, debt mutual funds saw outflows totaling ₹25,872 crore during the same period.
The overall assets under management (AUM) in the Indian mutual fund industry stood at ₹46.63 lakh crore, a slight uptick from ₹46.37 lakh crore in the previous month.
Small Cap funds witnessed a notable inflow of ₹4,265 crore, compared to ₹4,171 crore in the previous month. And midcap funds recorded an inflow of ₹2,512 crore in August, marking a significant increase from ₹1,623 crore in the previous month. This demonstrates continued investor interest in both the small-cap and mid-cap segments.
Systematic Investment Plan (SIP) inflows reached an all-time high, hitting ₹15,814 crore, surpassing the previous month's figure of ₹15,243 crore. SIPs have been gaining popularity among retail investors for their disciplined approach to long-term wealth creation.
Inflows into new fund offers (NFOs) also saw an uptick, amounting to ₹7,343 crore in August, showing an increase from the previous month's figure of ₹6,723 crore.