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Equity mutual funds attracted Rs 28,054 crore in December, marking a decline of over 6 per cent from the preceding month, according to data released by industry body Amfi on Friday. The easing of equity inflows coincided with a marginal contraction in the mutual fund industry's overall asset base with the total Assets Under Management (AUM) slipping to Rs 80.23 lakh crore in December from Rs 80.80 lakh crore in November, reflecting the impact of heavy withdrawals from debt schemes. Overall, the mutual fund industry reported net outflows of Rs 66,591 crore during the month, largely on account of steep redemptions from debt schemes, even as equity and gold funds continued to draw investor interest, the data showed. While equity inflows softened sequentially from Rs 29,911 crore in November, though it remained higher than Rs 24,690 crore in October. Most equity sub-categories continued to see positive traction in December, barring dividend yield and ELSS (equity-linked saving schemes
Inflows in equity mutual funds dropped by 9 per cent to Rs 30,421 crore in September, data released by the Association of Mutual Funds in India (AMFI) showed on Friday. This also marks the second consecutive monthly decline in inflows. Despite the decline, this marks the 55th consecutive month of net inflows into the equity segment. According to the data, equity-oriented mutual funds witnessed an inflow of Rs 30,421 crore in September, a sharp decline from Rs 33,430 crore in August and Rs 42,702 crore in July. Within equity fund categories, the highest contribution came from Flexi Cap Funds at Rs 7,029 crore, followed by Mid Cap Funds with Rs 5,085 crore and Small Cap at Rs 4,363 crore. Besides, Large Cap Funds attracted Rs 2,319 crore. On the other hand, the debt category witnessed a massive withdrawal of Rs 1.02 lakh crore during the month under review compared to Rs 7,980 crore in the preceding month. Overall, the mutual fund industry experienced an outflow of Rs 43,146 crore i