Equity mutual fund inflows drop 22% to Rs 33,430 crore in August: AMFI

Equity mutual fund inflows dropped 22 per cent to Rs 33,430 crore in August as compared with Rs 42,702 crore in July, according to data released by the Association of Mutual Funds in India (AMFI) on Wednesday, September 10. The inflows declined by almost 13 per cent YoY. It was 38,239 crore in August 2024.

Flexicap funds saw the largest influx of Rs 7,679 crore among the 11 subcategories during the specified period, followed by midcap funds, which saw an inflow of Rs 5,330 crore. Meanwhile, Rs 4,992 crore came into smallcap funds.

Sectoral and thematic mutual funds

According to the AMFI data, sectoral and thematic mutual funds received a total inflow of Rs 3,893 crore.

ELSS and dividend yield funds

After four consecutive months of outflows, ELSS, or tax-savings funds, had an inflow of Rs 59.15 crore in August, putting them back on the upward track. In August, there was a Rs 174 crore withdrawal from the dividend yield fund.