Perspective on AMFI Data By Mr. Akhil Chaturvedi, Motilal Oswal AMC.
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Below is perspective on AMFI Data by Mr. Akhil Chaturvedi, Chief Business Officer, Motilal Oswal AMC.
“In the month of September, the equity markets experienced a notable shift towards a risk-off sentiment, following the all-time high of 20,200 points. Despite this shift, equity mutual funds continued to exhibit resilience, recording a significant net inflow of Rs 14,091 crores, a slight dip from the Rs 20,245 crores observed in August.
While overall net flows experienced a dip in various categories, it's noteworthy that thematic/sectoral funds extended their positive trend into the current month, attracting the highest net inflows. Following closely were smallcap funds and multicap funds. However, small-cap flows did witness a decline month on month, which can be attributed to certain fund houses temporarily halting inflows, possibly due to concerns about rich valuations in the mid and small-cap space.
Hybrid funds experienced an uptick in net inflows on a month-on-month basis. This trend reflects the prevalent risk-off sentiment in the market, with investors seeking to diversify their investments while maintaining a focus on capital protection.”
