SIPs Hit A Fresh All-Time High Of Rs 16,042 crore In September

Association of Mutual Funds in India (AMFI) recent data showed that equity mutual fund inflows slipped month-on-month and was at Rs 14,091.26 crore in September 2023. The inflows recorded in August were at Rs 20,245.26 crore, which was 30 per cent more than in September, mostly due to heavy demand in small-cap and sectoral funds. The asset under management (AUM) of the mutual fund industry stood at Rs 46.58 lakh crore as on September 30. The equity AUM contribution shot up marginally to Rs 19.08 lakh crore from the previous month's Rs 18.6 lakh crore. The overall AUM for retail investors' bets on equity and hybrid schemes in August was at Rs 24.38 lakh crore across 12.30 crore portfolios. Mid and small-cap funds have outperformed large-cap funds and ELSS funds or the tax-saving funds in September.