net inflows

Investments witnessed a surge in equity schemes with the Nifty50 having shed more than three per cent. However, debt schemes witnessed a bit different scenario with net outflow of Rs 65,000 crore in September

Net inflows in equity mutual funds rose by 130 per cent to Rs 14,100 crore month-on-month (MoM) in September. It jumped after hitting a 10-month low of Rs 6,100 crore in August, according to reports.

SIP inflows also climbed by 2 per cent MoM to hit a new all-time-high of Rs 12,976 crore.

Even though the market was in the red last month, investments witnessed a surge in equity schemes with the Nifty50 having shed more than three per cent.

However, debt schemes witnessed a bit different scenario with net outflow of Rs 65,000 crore in September.

Investors withdrew money from most of the schemes and only liquid funds alone saw a net outflow of Rs 60,000 crore.

Experts believe that as September marked the end of the second quarter of FY23, the high outflows from debt schemes was understandable.

Even though the equity market was down and there were outflows from debt market, the assets under management (AUM) of the industry increased by 0.87 per cent MoM to Rs 39.87 trillion in September.