Amfi Monthly Data: Equity Mutual Fund Inflows Decline 22% MoM In August 2025

Amfi Monthly Data: Equity-oriented mutual funds attracted net inflows of Rs 33,430.37 crore in August 2025, as per monthly data released by the Association of Mutual Funds in India (Amfi) on September 10, 2025. This is also the 54th consecutive month of positive flows into equity funds. In July 2025, the inflows were Rs 42,702.35 crore. This, however, represents a month-on-month (m-o-m) decline of 21.71 per cent.

Overall, the mutual fund industry saw net inflows of Rs 52,442.78 crore in August. This is a decline from previous month, during which the industry saw an inflow of Rs 1.78 lakh crore.

The net assets under management (AUM) of the overall mutual fund industry by the end of the month fell to Rs 75.18 lakh crore. It was Rs 75.36 lakh crore in July 2025, Rs 74.40 lakh crore in June 2025, and Rs 72.19 lakh crore in May 2025.

In August 2025, 23 new schemes were launched, all in the open-ended category, across various segments. These new offerings mobilised a total of Rs 2,859 crore.

Inflows via the Systematic Investment Plan (SIP) route came in at Rs 28,265 crore in August, marginally lower than Rs 28,464 crore in July. The SIP AUM stood at Rs 15.18 lakh crore for the month, which accounts for 20.2 per cent of the total mutual fund industry’s assets.

Total mutual fund folios in India stood at 24.89 crore as of August 2025. Retail mutual fund folios rose to 19.42 crore in July from 19.07 crore in June.

Retail AUM stood at Rs 43.75 lakh crore by the end of the month, slightly lower than Rs 43.91 lakh crore recorded in July 2025.

Venkat N Chalasani, Chief Executive, Amfi, said, "Categories such as flexi-cap, mid-cap, and small-cap funds continued to see strong participation, with mid-cap funds registering their highest-ever monthly inflows."

"These steady flows across equity, hybrid, passive funds and SIPs underscore the continued confidence of investors in mutual funds as a long-term wealth creation avenue. As an industry, we remain focused on strengthening awareness, encouraging disciplined investing, and ensuring that India’s savers benefit from the transparency and robustness of the mutual fund framework," Chalasani added.

Largecap, Midcap Funds Buck Trend

Inflows across equity mutual fund categories slowed in August compared with the previous month. The multicap category saw inflows of Rs 3,193.05 crore in August, down from Rs 3,990.84 crore in July. Similarly, large & midcap funds attracted Rs 3,325.66 crore, logging a decline from July’s Rs 5,034.71 crore. Smallcap schemes, too, saw inflows easing to Rs 4,992.91 crore against Rs 6,484.43 crore in the previous month. 

Sectoral and thematic funds, which had been a major driver of flows in July, recorded a steep fall in August. Inflows into the category nearly halved to Rs 3,893.16 crore from Rs 9,426.03 crore in the prior month. The Equity Linked Saving Scheme (ELSS) category, which saw outflows of Rs 368.18 crore in July, made a turnaround in August, seeing inflows of Rs 59.15 crore.

On the other hand, some categories bucked the trend. Flexicap funds continued to hold steady, seeing inflows of Rs 7,679.40 crore, marginally higher than July’s Rs 7,654.33 crore. Midcap funds too posted stronger numbers, attracting Rs 5,330.62 crore as against Rs 5,182.49 crore in July. Largecap funds, which have been relatively subdued in recent months, saw inflows rise to Rs 2,834.88 crore, up from Rs 2,125.09 crore in the previous month. 

Debt Funds See Outflows

Debt-oriented funds saw outflows in August to the tune of Rs 7,979.84 crore. In July, the category recorded inflows of Rs 1.06 lakh crore.

Liquid funds saw an outflow of Rs 13,350.06 crore, reversing from an inflow of Rs 39,354.93 crore in July. Money market fund saw an inflow of Rs 2,210.53 crore, sharply down from previous month's inflow of Rs 44,573.60 crore. Meanwhile, overnight funds saw inflows of 4,950.84 crore against Rs 8,865.60 crore in July.

Inflows Into Gold ETFs Jump 74% MoM

Inflows into Gold exchange-traded funds (ETFs) increased 74 per cent MoM to Rs 2,189.51 crore in August from Rs 1,256.09 in July. This comes amid a record rally in gold prices. Gold prices, according to GoldPrice.org has rallied 45 per cent over the past one year amid continued geopolitical unrest, increasing bet on US Federal Reserve rate cut at its upcoming meeting on September 16-17, and ongoing uncertainty due to US tariffs.