Equity MFs rake in ₹34K cr in Sep
Business Standard|October 11, 2024
Inflows into equity schemes positive for 43rd straight month; MF industry AUM tops ₹68 trillion
SAMIE MODAK
Equity MFs rake in ₹34K cr in Sep

The domestic mutual fund (MF) industry continued to attract big-ticket investments from individual investors seeking to tap into the surging equity markets. In September, actively-managed equity schemes - which have almost a dozen sub-categories - raked in ₹34,419 crore in net inflows.

While the tally was 10 per cent lower than the preceding month, it was still comfortably above the past 12-month average of ₹25,600 crore.

Thematic funds have consolidated their position as the largest equity mutual fund category with assets under management (AUM) of ₹4.7 trillion, driven by robust inflows of ₹13,255 crore - the highest among all equity sub-categories.

Overall, the average AUM for the MF industry rose to ₹68 trillion in September, up from ₹66 trillion in the preceding month.

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