Small Cap Funds attract investors; Multi, Mid and Flexi Cap schemes gain substantial flows: AMFI August Data

financialexpress.com:

SIP inflows for the month of August were at Rs.15,813 crore, well above the Rs.15,000 crore level for the second month, according to the latest mutual fund data released by the Association of Mutual Funds in India (AMFI).

Data shows that investors have continued to retain their disciplined strategy of opting for Systematic Investment Plans even as markets have moved into a higher valuation territory.

Small Cap Funds continued to hold investors’ interest in the month of August. However, Multicap funds, Mid Cap Funds, and Flexi Cap Funds gained substantial flows in the previous month.

“Investors continued to hold their interest in Small cap funds with Rs.4265 crore of inflows, maintaining the run rate above the Rs.4000 crore mark for the third month in a row. Multicap funds with inflows at Rs.3422 crore, Midcap funds at Rs.2512 crore and Flexi cap funds at Rs.2193 crore were the other three categories gaining substantial flows from investors,” said Gopal Kavalireddi, Vice President, Research at FYERS.

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The equity mutual funds’ flows were higher for the fifth consecutive month, registering a 165% rise. Of the Rs 20,245 crore of inflows, thematic funds stood at the top spot with Rs 4806 crore.

Five New Fund Offers from the sectoral fund category collectively garnered Rs. 2556 crore in August. A total of Rs 5002 crore was raised through 7 NFOs in the equity categories, while Rs.2247 crore was raised through one Hybrid category scheme.

The total Assets under Management (AUM) by the end of August stood at Rs.46.63 lakh crore vs. Rs.46.37 lakh crore with equity AUM contribution at Rs.18.4 lakh crore vs. Rs.17.8 lakh crore (MoM).

“Net inflow into mutual funds stood at Rs.14,386