look news india
Ahmedabad: August has been a sluggish month for the mutual fund sector as compared to July. Total investment in mutual funds has fallen by 43 per cent in August.
According to the latest data released by the Association of Mutual Funds in India (AMFI), the mutual fund sector witnessed a total inflow of Rs. 1.08 lakh crore in August. Total investment in mutual funds in July was Rs. 1.89 lakh crore.
Inflows into equity schemes also slowed in August amid global uncertainties of inflation-interest rate cuts and political tensions, but the 42-month record inflows remained intact. According to Amfi data, investments in equity funds grew only 3 per cent in August to Rs. 38,239 crore from Rs. 37,113 crore in July.
If we look at the segment wise, Rs. 3209 crore was invested in small cap funds as compared to Rs. 3209 crore a month ago. 2109 crore. Apart from this, in August, midcap was Rs. 1644 crore as compared to July. 3055 crore inflow was made. Investment in multicap funds has reduced significantly to Rs. 7075 crore as compared to Rs. 2475 crore. However, investment in large cap has increased. In July, Rs. 670 crore as compared to Rs. 2637 crore inflow was made in August.
Sector or thematic funds in equity schemes attracted the highest net investments of Rs. 18,117 crore in the month under review. However, July's Rs. 18,386 crore and June's Rs. 22,352 crore investments in this segment were lower.
In August, the biggest decline was seen in the investment of debt oriented funds. Total investment in debt based funds was Rs. 45,169 crore. In July, this investment was Rs. 1.19 lakh crore i.e. investment in debt funds has decreased by 62 percent.