Synopsis

In September, equity mutual fund inflows surged by 31% month-on-month, totaling Rs 38,306 crore. Smallcap mutual funds notably drew in record inflows of Rs 9,038 crore for the third month straight. Conversely, debt funds experienced a considerable outflow of Rs 1.83 lakh crore. Mid cap and flexi cap funds also enjoyed significant inflows, while ELSS funds continued their streak of net outflows for the 14th consecutive month.

Equity mutual fund inflows rose 31% month-on-month to Rs 38,306 crore in September, compared with Rs 29,328 crore in August. Smallcap mutual funds continued to attract the highest inflows for the third consecutive month, drawing a record Rs 9,038 crore in September.

Among the 13 sub-categories in equity, the monthly inflows in small cap funds jumped 13% from Rs 7,973 crore in August. The mid cap funds received the second highest inflows of Rs 7,834 crore in September, followed by flexi cap funds that received an inflow of Rs 6,701 crore in the said time period.

Large cap funds post witnessing outflows for two consecutive months, received an inflow of Rs 859 crore in September. Contra funds saw an outflow of Rs 97.88 crore in September against an inflow of Rs 1,328 crore in August.

ELSS, or tax-saving mutual funds, recorded net outflows for the 14th consecutive month in September, with the category seeing withdrawals of Rs 662 crore during the month.

Debt Funds

Debt funds saw an outflow of Rs 1.83 lakh crore in September compared to an outflow of Rs 8,127 crore in August. Among the 17 sub-categories, liquid funds saw the highest outflow of Rs 95,743 crore, followed by money market funds that saw an outflow of Rs 50,846 crore in the same time period.

Ultra short duration funds and overnight funds saw an outflow of Rs 11,728 crore and Rs 7,281 crore respectively in September.

Only three sub-categories received inflows in the said time period. Gilt funds received an inflow of Rs 600 crore, followed by credit risk fund and sectoral funds that received an inflow of Rs 127 crore and Rs 108 crore respectively.

Hybrid funds
Hybrid funds saw an outflow of 456 crore in September compared to an inflow of Rs 10,045 crore in previous month.

Among seven sub-categories, arbitrage funds saw the highest outflow of Rs 3,956 crore in the said time period, followed by equity savings funds that saw an outflow of Rs 1,227 crore. Dynamic asset allocation and conservative hybrid funds saw an outflow of Rs 912 crore and Rs 204 crore respectively.
Multi asset allocation funds received the highest inflow of Rs 3,666 crore, followed by aggressive hybrid funds and balanced hybrid funds that received an inflow of Rs 1,863 crore and Rs 313 crore respectively.

Life cycle funds
Life cycle funds received an inflow of Rs 143 crore in September compared to an inflow of Rs 7.87 crore in the previous month. Life cycle funds with maturity of 5 years, 10 years and 15 years received an inflow of Rs 55.68 crore, Rs 32.20 crore and Rs 55.87 crore respectively.

Index funds
Index funds saw an outflow of Rs 3,614 crore in September compared to an inflow of Rs 787 crore in the previous month. Debt oriented index funds saw an outflow of Rs 6,257 crore and hybrid oriented index funds saw an outflow of Rs 5.55 crore.

Equity oriented index funds received an inflow of Rs 2,649 crore in September compared to an inflow of Rs 2,392 crore in the previous month.

ETFs
Exchange traded funds that include seven sub-categories such as gold ETFs, silver ETFs and hybrid ETFs received an inflow of Rs 15,501 crore in September. Equity oriented ETFs received the highest inflow of Rs 9,959 crore, followed by gold ETFs that received an inflow of Rs 4,450 crore in the same time period.

Silver ETFs received an inflow of Rs 1,974 crore in September compared to an inflow of Rs 1,270 crore in the previous month. Debt oriented ETFs saw an outflow of Rs 883 crore.

Assets under management and new launches
The total assets under management (AUM) was recorded at Rs 82.49 lakh crore in September compared to Rs 86.92 lakh crore in the previous month.

Around 28 new funds were launched in the said time period which together mobilised Rs 2,708 crore. Tata CRISIL-IBX Financial Services 3-6 Months Debt Index Fund contributed the maximum of Rs 544 crore to the total NFO collection during the month.

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