Equity Mutual Funds Witness 42nd Consecutive Month of Net Inflows

Equity mutual funds continued their robust momentum in August, attracting Rs 38,239 crore, driven by thematic schemes. Net inflows marginally higher than July were witnessed, marking the 42nd consecutive month of inflows. The industry saw increased net assets, touching an all-time high of Rs 66.7 lakh crore.

Equity mutual funds maintained their strong performance in August, gathering Rs 38,239 crore, largely fueled by thematic schemes.

This influx was 3 percent higher than the Rs 37,113 crore recorded in July. Notably, this marks the 42nd consecutive month of net gains in equity funds, as per the Association of Mutual Funds in India (AMFI).

Manish Mehta, National Head - Sales, Marketing & Digital Business, Kotak Mahindra AMC, credited the continuous encouraging net flows to the influx from SIPs and NFOs, with sectoral and thematic schemes being particularly attractive due to new fund offerings.

(With inputs from agencies.)