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Smallcap funds, the category that has seen consistently strong inflows in the past few months, saw a slowdown in September. The category saw net inflows of Rs 2,678 crore in September, compared to Rs 4,265 crore in August. Largecap funds saw outflows of Rs 111 crore in September, compared to outflows of Rs 349 crore in August.
The monthly SIP addition remained above three million for the second month in a row. The SIP addition was 12.5 million accounts in the past 12 months. The net addition in August was 1.6 million, the highest in 23 months. The total SIP account tally reached a record 69.7 million.
The monthly SIP addition remained above three million for the second month in a row. The SIP addition was 12.5 million accounts in the past 12 months. The net addition in August was 1.6 million, the highest in 23 months. The total SIP account tally reached a record 69.7 million.
Equity mutual funds in India saw inflows of ₹20,245 crore ($2.78 billion) in August, driven by a strong stock market performance. Experts advise rebalancing portfolios and increasing exposure to large-cap fundsun
Equity mutual funds saw a net inflow of ₹7,505 crore in July 2023, down from ₹8,245 crore in June, according to AMFI data. ETFs had an outflow of ₹353 crore in July, compared to inflows of ₹3,402 crore in June.