Inflows into equity mutual funds rises 3% to Rs 38,239.16 crore in August: AMFI

This is the second highest monthly inflow into equity mutual fund schemes. In June this year, flows into equity schemes touched a lifetime high of 40,608.19 crore.

equity mutual fund inflows August 2024, SIP contribution all-time high August,

Inflows into small-cap and mid-cap funds stood at Rs 3,209.33 crore and 3,054.68 crore respectively, compared to Rs 2,109.2 crore and Rs 1,644.22 crore respectively in the previous month. (Express Archives)

Net inflows into equity mutual fund schemes increased by 3 per cent on a month-on-month basis (m-o-m) to Rs 38,239.16 crore in August, from Rs 37,113.39 crore in July.

This is the second highest monthly inflow into equity mutual fund schemes. In June this year, flows into equity schemes touched a lifetime high of 40,608.19 crore.

The contribution of systematic investment plans (SIP) touched an all-time high of Rs 23,547 crore in the reporting month, compared to Rs 23,332 crore in July.

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Net inflows into the mutual fund industry declined around 43 per cent to Rs 1.08 lakh crore in August from Rs 1.89 lakh crore in July, mainly on account of a 62 per cent dip in inflows into debt mutual funds.

Also Read | Equity mutual fund inflows rose by 17%, touched all-time high of Rs 40,600 crore in June: AMFI data

Net assets under management (AUM) of the mutual fund industry surged to Rs 66.7 lakh crore in August, from Rs 64.96 lakh crore in July.

“The industry assets rose to a new high, with an asset base of Rs 66.7 lakh crore at the end of August 2024. The positive inflow, along with folio count surpassing 20 crore, reflect investor confidence and a growing appreciation for mutual funds as a preferred investment avenue,” said Venkat Chalasani, Chief Executive, AMFI.

Retail AUM (equity + hybrid + solution oriented schemes) stood at Rs 39,27,594 crore in August.

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In August, net AUM of equity mutual funds stood at Rs 30.09 lakh crore.

Among the equity schemes, sectoral/thematic funds highest inflows at Rs 18,117.18 crore in August, compared to Rs 18,386.35 crore in July. Flexicap funds received inflows of Rs 3,513.16 crore in the reporting month.

Inflows into debt mutual funds declined to Rs 45,169.36 crore from Rs 1,19,587.6 crore in July. Net flows into overnight funds stood at Rs 15,105. 93 crore. Liquid funds saw inflows of Rs 13,594.87 crore, compared to Rs 70,060.88 crore in July. Flows into money market funds stood at Rs 10,093.26 crore in the reporting month, AMFI data showed.

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Among the debt mutual funds, outflows were seen in banking and PSU funds at Rs 1,549.99 crore and in floater funds at Rs 676.88 crore.

Net inflows into hybrid funds moderated to Rs 10,005.3 crore in August from Rs 17,436.09 crore in July.

Inflows into index funds stood at Rs 3,247.24 crore and into gold ETF (exchange traded fund) at Rs 1,611.38 crore.

In August, the number of new SIPs registered stood at 63.93 lakh.

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“The steadily increasing SIP contribution of Rs. 23,547 crores in August 2024 highlights the shifting investor sentiment towards disciplined and long-term wealth accumulation,” Chalasani said.

The SIP AUM was highest ever at Rs 13.38 lakh crore in August compared to Rs 13.09 lakh crore in the previous month.

The number of SIP accounts also stood at an all time high of 9.61 crore in August 2024 compared to 9.33 crore in July.

Mutual Fund	Net Inflows (+)/ Outflows (-) (Rs crore)
Schemes	July	August

Equity	37,113.39	38,239.16
Debt	1,19,587.60	45,169.36
Hybrid	17,436.09	10,005.3

		Source: AMFI