AMFI September Data: Gold ETF inflows soar nearly 282%, equity MF inflows decline for second consecutive month

Net inflows into equity mutual funds (MFs) fell for the second consecutive month to ₹30,421.69 crore in September from ₹33,430.37 crore in August, according to data from the Association of Mutual Funds in India (AMFI) released on Friday, October 10. 

After net inflows grew significantly by 81% in July, a drop of 21.7% was seen in August, followed by a decline of 8.9% in September. 

Equity Mutual Fund Inflows Over the Months

AMFI September Data: Key highlights

While the net inflows into equity mutual funds declined in September, this marks the 55th consecutive month of net inflows into the equity segment.

From equity fund categories, flexi-cap funds witnessed the highest contribution at ₹7,029 crore, followed by mid-cap funds at ₹5,085 crore and small-cap funds at ₹4,363 crore. Inflows into large-cap funds, which increased by 33% in August to ₹2,834.88 crore, decreased by 18.19% to ₹2,319.04 crore in September. 

Equity Linked Saving Schemes (ELSS) recorded a net outflow of ₹307.92 crore in September after seeing an inflow of ₹59.15 crore in August. Inflows into sectoral/thematic funds declined significantly to ₹1,220.89 crore in September after recording a net inflow of ₹3,893.16 crore in August and ₹9,426.03 crore in July.

Hybrid scheme net inflows also saw a major decline, falling to ₹9,397.22 crore in September from ₹15,293.70 crore in August and ₹20,879.47 crore in July.

The debt category witnessed a massive withdrawal of ₹1.02 lakh crore during the month under review against an outflow of just ₹7,980 crore in August. This is significant when compared to a net inflow of ₹1.06 lakh crore recorded in July.

Notably, inflows into gold ETFs jumped as much as 281.9% to ₹8,363.13 crore in September from ₹2,189.51 crore in August, despite soaring gold prices. Inflows into other ETFs also increased to ₹8,150.79 crore in September from ₹7,244.11 crore in the previous month. 

Overall, the mutual fund industry experienced an outflow of ₹43,146 crore in September after seeing a net inflow of ₹52,443 crore in August. 

Net assets under management (AUM) of the mutual fund industry grew marginally to ₹75.61 lakh crore in September from ₹75.18 lakh crore in August.

In September, investors displayed caution toward equities, while gold and other ETFs saw increased interest amid market volatility. There is also a noticeable shift toward portfolio diversification, aiming to balance growth with stability.