AMFI releases intriguing data about India's Mutual Fund Flows for August 2023

In August 2023, equity mutual funds in India experienced a remarkable surge in net inflows, reaching a five-month high at ₹20,245.26 crore. 

This substantial increase, compared to the ₹7,625.96 crore inflow seen in July 2023, is according to data from the Association of Mutual Funds in India (AMFI). 

However, during the same period, debt mutual funds faced outflows totaling ₹25,872 crore. AMFI data also revealed that Exchange Traded Funds (ETFs) registered an inflow of ₹1,893 crores, a significant improvement from the ₹353 crores in outflows in July.

The Indian Mutual Fund industry reported Total Assets Under Management (AUM) of ₹46.63 lakh crore, a slight increase from the previous month's ₹46.37 lakh crore (MoM).

Among different categories, Small Cap Mutual Funds in India received ₹4,265 crore in inflows, compared to ₹4,171.44 crore in the previous month (MoM). 

The multi-cap category followed with ₹3,422 crore in inflows. In contrast, large-cap funds experienced an outflow of ₹348 crore, and the focused funds category saw an outflow of ₹471 crore. 

Similarly, Midcap Mutual Funds recorded an inflow of ₹2,512 crore in August, significantly higher than the ₹1,623 crore in the previous month (MoM).

Liquid funds recorded an outflow of ₹26,823 crore in August, while the debt category reported ₹25,873 crore in outflows.

SIP inflows in India reached an all-time high of ₹15,814 crore, surpassing the previous month's inflow of ₹15,243 crore (MoM).

Furthermore, New Fund Offers (NFOs) in the mutual fund industry amounted to ₹7,343 crore, up from the previous month's figure of ₹6,723 crore (MoM).