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Below the Views on AMFI-Sanjay Agarwal, Senior Director, CareEdge Ratings

“Total Asset under Management (AuM) stood of Mutual Funds reached Rs 66.7 lakh crore in August 2024 rising by 3.1% sequentially buoyed by positive market sentiments along with inflows in debt funds of Rs.0.45 lakh crore as well as equity funds of Rs.0.38 lakh crore.. The growth in debt fund inflows was driven by overnight funds, liquid funds, and money market funds, which together accounted for over 85% of the monthly inflows. However, net inflows of debt funds declined 62% sequentially.

Meanwhile, inflows in equity funds have continued to remain in the positive territory for 42 months. All categories barring ELSS funds and focused funds segments witnessed inflows in equity funds. Thematic funds, though witnessed a marginal dip compared to the previous month, still accounted for 47% of the equity monthly inflows reflecting investors’ confidence for thematic opportunities. Additionally, 18 open-ended NFOs were floated in August, which mobilised Rs.0.14 lakh crore with sectoral/thematic funds accounting for the lion’s share at Rs.0.10 lakh crore or a share of 73.8%.”

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