Inflows into Indian equity mutual funds rose nearly 31 per cent month-on-month to 38,306 crore rupees in September. According to data released by the Association of Mutual Funds in India (AMFI), contributions through Systematic Investment Plans (SIPs) reached a record high of 32,490 crore rupees last month.
Among equity fund categories, small-cap funds attracted the highest inflows, garnering over 9,000 crore rupees. They were followed by mid-cap, flexi-cap and multi-cap funds. However, Equity Linked Savings Scheme and contra funds recorded net outflows in September.
Inflows into Gold Exchange-Traded Funds (ETFs) jumped 71.4 per cent month-on-month to 4,451 crore rupees last month. Meanwhile, the overall mutual fund industry recorded net outflows of over 1.33 lakh crore rupees in September, dragged down by outflows of over 1.83 lakh crore rupees from debt schemes.
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