Equity MF inflow eases 10% to ₹34,419 crore in September

Equity mutual funds attracted ₹34,419 crore in September, marking a decline of 10 percent from the preceding month, on a sharp slump in inflow in thematic funds and large-cap.

The latest flow also marks the 43rd consecutive month of net inflows in equity funds, data from the Association of Mutual Funds in India (AMFI) showed on Thursday.

Overall, the mutual fund industry witnessed an outflow of ₹71,114 crore in the month under review after experiencing an outflow of ₹1.08 lakh crore in August.

The huge inflow was due to withdrawal to the tune of ₹1.14 lakh crore into debt schemes.

Despite the outflow, the industry's net assets under management rose to ₹67 lakh crore last month from ₹66.7 lakh crore in August end.

As per the data, equity-oriented schemes witnessed an inflow of ₹34,419 crore in September, the lowest level since April, when equity schemes saw investments of ₹18,917 crore.

The inflow was way lower than ₹38,239 crore in August and ₹37,113 crore in July. Further, equity schemes saw inflows of ₹40,608 crore and ₹34,697 crore in June and May, respectively.

Within the equity schemes, sector or thematic funds attracted investors with the highest net inflows of ₹13,255 crore during the month under review. However, the flow in the segment was less compared to ₹18,117 crore in August.

Additionally, large-cap funds saw a drop in inflows to ₹1,769 crore from ₹2,637 crore.