Mutual Fund inflows slip in September; debt fund outflows see sharp rise

Mutual Fund Inflows: The Mutual Fund inflows for September declined on a month-on-month basis and stood at Rs 14,091.26 crore, as per data from the Association of Mutual Funds of India.

Flows into equity funds fell more than 30% month on month. While inflows into mid & small cap funds continued, large cap funds witnessed an outflow.

Assets Under Management

The Mutual Fund Industry's Assets under Management (AUM) stood at Rs 46.58 lakh crore as on September 30. The contribution of equity AUM shot up marginally to Rs 19.08 lakh crore from the previous month's Rs 18.6 lakh crore.

Also Read: Inflows into equity mutual funds surge, investors pumped in ₹20,245 crore in August

Mid, Small-cap Funds Outperform

The Mid and Small-cap funds have outperformed large-cap funds and ELSS funds or the tax-saving funds in September. The equity mutual funds received Rs 2,678.47 crore, compared to Rs 4,264.82 crore in August. While the Sectoral/Thematic category received the highest inflows of Rs 3,146.85 crore, the small-cap category received the second highest inflows.

Outflows

Debt Mutual funds' outflow rose sharply in September. Except for long duration funds and gilt funds, most of the debt mutual funds saw high outflow.

Liquid funds saw an outflow of Rs 74,177 crore against the outflow of Rs 26,824 crore in August. ELSS outflow widened to Rs 141 crore against Rs 27 crore outflows on a monthly basis

Contribution of SIPs

The contribution via SIPs touched an all-time high of Rs 16,042 crore in September. In August, the SIP contribution was at a record high of Rs 15,245 crore through SIPs offered by mutual fund players.