Sectoral funds continue lapping up investor money, debt funds see massive outflows in September 2024, shows AMFI data

Debt mutual funds saw massive outflows of Rs 1,13,833.95 crore in September 2024. Liquid funds made up about 50% of this, witnessing outflows of Rs 72,665.97 crore. This was followed by money market funds, which lost Rs 23,420.84 crore during the month.

Investors continued to repose strong faith in equity mutual funds, which saw inflows worth Rs 34,419.26 crore during the month. The momentum in sectoral funds also continued, with them raking in Rs 13,254.63 crore in September. During the month, 4 new sectoral schemes were launched, which gathered a total of Rs 7,842 crore. This was the 43rd consecutive month for positive equities inflows, beginning March 2021.

Multi-cap and large and mid-cap funds saw inflows of about Rs 3,500 crore last month, followed by flexi cap funds, which raked in Rs 3,214.57 crore.

Amidst ongoing geopolitical concerns, investors chose to stay away from slightly risky investment avenues such as arbitrage funds, which lost Rs 3,531.93 crore during September. Arbitrage funds make money from price differences, which is generated by buying and selling similar securities simultaneously across different markets.

Multi-asset allocation funds saw inflows worth Rs 4,070.37 crore during the month. Index funds and gold ETFs also saw funds worth Rs 1,960.29 crore and Rs 1,232.99 crore flowing in, respectively. September saw 13 new index funds launches, which amassed Rs 3,656 crore. All in all, 27 new schemes were launched last month, which saw inflows worth Rs 14,575 crore.

SIP accounts, AUM at all-time high

The industry's net AUM (assets under management) stood at Rs 67,09,259.24 crores, with mutual fund folios also touching an all-time high of 21,05,15,684. The retail AUM, which comprises of equity, hybrid and solution oriented schemes, also touched an all-time high of Rs 40,44,098 crore, up from Rs 39,27,594 crore in August 2024.

Inflows in SIP (Systematic Investment Plans) remained resilient, and witnessed an all-time high, with the number of new SIPs registered in September registered at 66,38,857. The SIP AUM was also at its highest ever, at Rs 13,81,703.94 crores for September. This stood at Rs 13,38,944.73 crores for August 2024

The number of SIP accounts were also at their highest ever at 9,87,44,171, along with SIP contribution, which recorded an all-time high of Rs 24,508.73 crores last month. The MF industry also reached the milestone of having 5,01,22,609 unique investors in September.