Mutual fund data for September 2024, released by Association of Mutual Funds in India (AMFI), shows a mixed trend across equity and debt funds. Net equity inflows stood at ₹34,393 crore, down from ₹38,212.4 crore in August.

This marks a 10% month-on-month decline.

Despite this dip, equity mutual funds continued their streak of positive inflows for the 43rd consecutive month

Large-cap funds saw an inflow of ₹1,769 crore in September, a drop from ₹2,636 crore in August.

Small-cap funds recorded ₹3,071 crore in inflows, slightly down from ₹3,209.3 crore last month.

Mid-cap funds recorded inflows at ₹3,130 crore compared to ₹3,054.7 crore in August.

Equity Linked Savings Scheme (ELSS) funds saw an outflow of ₹349 crore in September, worsening from the ₹205.2 crore outflow recorded in August.

On the other hand, debt mutual funds experienced a large outflow, losing ₹1,13,833.95 crore in September.

Liquid funds saw a sharp reversal, with a ₹72,666 crore outflow compared to a ₹13,594.9 crore inflow in August.

Hybrid funds registered inflows of ₹4,901 crore in September, down from ₹10,005.3 crore in August.

Exchange-traded funds (ETFs) saw inflows of ₹381 crore, a steep decline from ₹10,093.6 crore the previous month.

Credit risk funds saw a turnaround with a ₹484 crore inflow in September, compared to a ₹390.4 crore outflow in August.

Commenting on the inflows, Venkat Chalasani, Chief Executive of AMFI, said, “The inflow of investments reflects increasing trust and confidence in mutual funds. The asset base of ₹67.09 lakh crore at the end of September and the milestone of 5 crore unique investors stresses our efforts to spread financial awareness.”

Chalasani added that the growing systematic investment plan (SIP) contributions, which hit ₹24,508 crore in September, indicate a shift towards disciplined, long-term investment strategies.