Mutual Funds - Reports
11-Oct-2024 13:36
Mutual fund inflows see mixed trends in September
However, there were some bright spots. Systematic Investment Plans (SIPs) contribution continued its strong momentum, reaching an all-time high of Rs 24,508.73 crore in September. Additionally, mid-cap (+2.48% MoM) and multi-cap funds (+41.77% MoM) saw increased inflows, indicating investor confidence in these segments. Value/contra funds also saw a modest 13.68% increase during the month.
Large-cap funds, on the other hand, experienced a notable decline, with inflows dropping by 32.90% from August to September.
Meanwhile, debt schemes witnessed an outflow to the tune of Rs 1,13,833.95 crore in September, compared with an inflow of Rs 45,169.36 crore in August 2024.
Despite the mixed trends in equity schemes, the overall mutual fund industry remains robust. The number of new SIPs registered reached 66,38,857 in September, and the total number of SIP accounts surpassed 9.87 crore. The SIP AUM also hit a new high of Rs 13.81 lakh crore.
In conclusion, while equity schemes witnessed a slight dip in inflows, the overall mutual fund industry continues to attract investor interest, driven by factors like SIPs and growing confidence in certain equity fund categories.
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