Investor confidence also declined amid an uncertain environment in September. Due to this, investment of Rs 34,419 crore came in mutual funds during September, which is a decline of 10 percent as compared to August. Equity-focused schemes saw inflows of Rs 34,419 crore last month, the lowest level since April, according to Association of Mutual Funds in India (AMFI) data released on Thursday.
This flow is much less as compared to Rs 38,239 crore in August and Rs 37,113 crore in July. Apart from this, investments of Rs 40,608 crore and Rs 34,697 crore were made in equity schemes in June and May respectively. At the same time, there was a net inflow of Rs 13,255 crore in sector based funds. Rs 18,117 crore came in August. Flows in funds linked to big companies also declined from Rs 2,637 crore to Rs 1,769 crore.
This much withdrawal took place: According to the data, the mutual fund industry had seen a withdrawal of Rs 1.08 lakh crore in the month of August, while in September this withdrawal stood at Rs 71,114 crore. There was huge inflow in the debt scheme with withdrawal of Rs 1.14 lakh crore.
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SIP made a new record
In the month of September, Systematic Investment Plan i.e. SIP has set a new record. Last month the SIP figure stood at Rs 24,509 crore. Net assets under management of the mutual fund industry rose to Rs 67 lakh crore last month, compared to Rs 66.7 lakh crore at the end of August.
Midcap and smallcap funds shine
Midcap and smallcap funds continued their dominance in the last month. There was investment inflow of Rs 3,070.84 crore in smallcap funds and Rs 3,130.42 crore in midcap funds. Large and midcap funds saw inflows of Rs 3,598.09 crore. A total investment of Rs 3,214.57 crore came in flexi cap funds.
amount received in three months
month equity loan
September 34,419 -1,13,833
August 38,239 45,169
July 37,113 1,19,587
(Fund flow in crores)
27 new fund offers came last month
A total of 27 new fund offers came in the month of September. One fund in the debt category, seven funds in the equity scheme, two more in the hybrid category and 13 and four new funds in the index and ETF category were launched. A total investment inflow of Rs 14575 crore was recorded in these 27 NFOs.
reason for decline
The reason for this withdrawal is being said to be the rapid withdrawal of foreign investors from the market, increasing tension between Israel and Iran and the atmosphere of uncertainty created last month regarding the interest cut by the US Fed. There has been a monthly decline due to a huge decline in investment in sector-based funds and large cap funds of mutual funds.
