Inflows into equity mutual funds drop 9% MoM 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.

“The mutual fund industry maintained its growth momentum in September, with total assets rising to ₹75.61 lakh crore despite temporary outflows linked to advance tax payments. Equity funds witnessed positive inflows for the 55th consecutive month, reflecting investors’ confidence in equities as a long-term asset class. SIPs reached a new milestone with record monthly contribution of ₹29,361 crore and 9.25 crore active accounts, reaffirming retail investors’ growing preference for disciplined and systematic investing,” says Venkat N Chalasani, Chief Executive, AMFI.

New fund offers

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 (Baroda BNP Paribas Business Conglomerates Fund), one hybrid fund and others were index funds.

SIP contribution

 The SIP AUM stands at ₹15,52,303 crore for September 2025.

 SIPs now comprise 20.2% of total mutual fund industry’s assets.

 SIP contribution for September 2025 stood at ₹ 29,360.66 crores

 The number of contributing SIP accounts stood at 9,25,21,155 crores in September 2025

Anand Vardarajan, Chief Business Officer, Tata Asset Management, says “Equity numbers continue to remain fairly strong despite the Nifty being flat over the past year. It is heartening to note that primary market activity was robust in September with several IPOs, while equity flows also remained strong in the secondary markets. Precious metals, particularly gold and silver, have performed very well in the last couple of months. Flows into gold nearly quadrupled in September, rising from about ₹2,000 crore in August to around ₹8,300 crore. This surge was largely driven by strong performance as well as investors seeking safety and diversification. In the same vein, multi-asset funds saw strong flows within the hybrid category. Debt flows, however, turned negative, primarily due to quarter-end liquidity requirements. Festive season spending may also have contributed to the weak/negative flows in this segment.”

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