Inflows into equity mutual funds drop 9% to ₹30,421 crore: AMFI Sept data

AMFI September Data: Inflows into equity mutual funds dropped 9% to ₹30,421 crore against ₹33,430 crore in August.

Last month, inflows into equity funds dropped by 22% month-on-month.

Inflows into equity funds across market cap saw a decline: large cap, mid cap and small caps fell by 18%, 4.5%, 12.6%, respectively.

Meanwhile, inflows into flexi cap funds also dropped to ₹7,029 crore against ₹7,679 crore in the preceding month.

However, given the spike in gold prices, gold ETFs saw a massive jump in inflows to ₹8,363 crore against ₹2,189 crore.

September also saw nine new fund launches (NFOs) which collectively raised a total of ₹1,959 crore. Of these, there was one sectoral/thematic fund, one hybrid fund and others were index funds.

(This is a developing story)