Net inflows to equity mutual funds decline sharply to Rs 5,942 crore in August

The latest monthly data from the Association of Mutual Funds in India shows that the net inflow to equity-oriented mutual funds declined to a ten-month low in August.

In August, the net inflow was lower than in July, June, and May.

Over the past few months, the pace of inflow in equity mutual funds has declined.

Debt mutual funds saw an inflow of Rs 49,164crore last month, much higher than the Rs 4,930crore seen in July.

Gold Exchange Traded Funds and hybrid funds saw net outflows of Rs 38 and Rs 6,600, respectively, in the third month in a row.

Overall, the mutual fund industry registered a net inflow of Rs 65,077 crore in August, compared to Rs 23,605 crore in July. The inflow pushed the Assets Under Management (AUM) of the industry to Rs 39.34 lakh crore at the end of August, from Rs 37.75 lakh crore at the end of July.