Mutual Fund Inflows For The Month Of September 2023

The mutual fund industry in India witnessed a net inflow of Rs 14,091.2 crore in September 2023, lower than the net inflow of Rs 20,245.26 crore in August 2023. However, equity-oriented schemes continued to witness net inflows in September 2023, marking the 31st consecutive month of net inflows.

While under Income/Debt Oriented Schemes, net inflow in September 2023 was negative, at Rs. -1,01,511.82 crore. This is likely due to the rising interest rate environment, which has made debt investments less attractive. The only schemes with positive net inflows in September 2023 were Liquid Funds, Dynamic Bond Funds, Corporate Bond Funds, and Banking and PSU Funds. This suggests that investors are still interested in debt investments, but are looking for schemes that offer higher yields and/or lower risk.

The schemes with the highest negative net inflows in September 2023 were Overnight Funds, Low Duration Funds, Money Market Funds, Short Duration Funds, and Medium to Long Duration Funds. This suggests that investors are withdrawing money from these schemes as they seek higher returns in other asset classes.

All categories of equity-oriented schemes witnessed net inflows in September 2023. Mid Cap and Small Cap Funds saw the highest net inflows, followed by Flexi Cap Funds and Large & Mid Cap Funds. This trend is likely due to the strong performance of these categories in recent times, as well as the expectation of continued economic growth in India.

The schemes with the highest net inflows in September 2023 are small-cap, flexi-cap, mid-cap, large & mid-cap, sectoral & thematic, and multi-cap funds. The schemes with the lowest inflows are dividend yield, focused, large-cap, and ELSS mutual funds. This suggests that investors are bullish on equities and mutual funds, but are also becoming more selective in their investments. The data also suggest that at the current market condition, people continue to prefer small-caps and mid-caps over large-cap funds.

The average asset under management (AUM) of the income and debt-oriented schemes stood at Rs 14,14,768.49 crore, which is a significant amount. The number of folios for the income and debt-oriented schemes are 72,59,960, which indicates that a large number of investors are invested in these schemes.

Overall, the mutual fund data for the month of September 2023 is positive, indicating that investors continue to be bullish on equities and mutual funds. This is likely to continue in the coming months, as the Indian economy is expected to continue to grow.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.