Net inflows to equity mutual funds decline sharply to Rs 5,942 crore in August

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Hybrid funds – which invest in stocks as well as bonds – clocked an outflow of Rs 6,600 crore, a third straight month of withdrawal.

Net inflows to equity-oriented mutual funds declined sharply to a ten-month low of Rs 5,942 crore in August as against Rs 8,882.6 crore in July, shows the latest monthly data from the Association of Mutual Funds in India (AMFI).

The net inflows in August were lower compared to Rs 8,898 crore in July, Rs 15,495 crore seen in June, Rs 18,529 crore in May and Rs 15,890 crore in April.

This was the 18th straight month of inflows in equity mutual funds but the pace of inflow has been declining over the past few months.

Apart from equity, debt mutual funds witnessed an inflow of Rs 49,164 crore last month, much higher than Rs 4,930 crore seen in July.

Hybrid funds – which invest in stocks as well as bonds – clocked an outflow of Rs 6,600 crore, a third straight month of withdrawal, and Gold Exchange Traded Funds (ETFs) experienced a net outflow of Rs 38 crore.

Overall, the mutual fund industry registered a net inflow of Rs 65,077 crore in August, compared to Rs 23,605 crore in July. The inflow pushed the Assets Under Management (AUM) of the industry to Rs 39.34 lakh crore at the end of August, from Rs 37.75 lakh crore at the end of July.

Moneycontrol News

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