Equity MF inflows hit 5-month high on record SIP run, easing outflows

Gross inflows in August surge 18% over previous month; redemptions decline 19%

The net inflows into active equity mutual fund (MF) schemes registered more than a twofold month-on-month rise in August, crossing Rs 20,000 crore, the highest in five months. This rise in net inflows was boosted by an 18 per cent growth in gross investments, driven by a record Rs 15,800 crore inflow through the systematic investment plan (SIP) route and Rs 5,000 crore collected by seven new fund offers (NFOs) in the active equity space, reveals data released by the Association of Mutual Funds in India (Amfi).

Moreover, redemptions moderated in August, declining by 19 per cent to Rs 24,580