Summary of this article
Equity mutual fund inflows rose 19 per cent to Rs 29,329 crore in August
Smallcap and midcap funds attracted more than half of equity inflows
SIP contributions hit a record high of Rs 32,297 crore in August
Amfi Data August 2026: Equity mutual fund inflows rose 18.75 per cent month-on-month to Rs 29,328.62 crore in August from Rs 24,697.39 crore in July, according to data released by the Association of Mutual Funds in India (Amfi).
The increase came after equity inflows fell 14.8 per cent in July. Smallcap and midcap funds remained the biggest contributors to actively managed equity inflows, while largecap funds continued to see net outflows.
Smallcap funds attracted Rs 7,973.33 crore in August, up 2.65 per cent from Rs 7,767.50 crore in July. Midcap funds saw a sharper rise, with inflows increasing 12.87 per cent to Rs 6,989.40 crore from Rs 6,192.31 crore.
Together, smallcap and midcap funds brought in Rs 14,962.73 crore during August, accounting for more than half of the total inflows into actively managed equity schemes.
Flexicap funds also recorded higher inflows at Rs 5,059.42 crore, compared with Rs 4,709.08 crore in July. Multicap funds attracted Rs 3,732.77 crore, up 15.66 per cent from Rs 3,227.29 crore.
Large & Mid Cap funds saw inflows rise to Rs 3,872.79 crore from Rs 3,425.34 crore in July, an increase of 13.06 per cent.
Sectoral and thematic funds also recorded higher inflows. The combined category attracted Rs 1,713 crore in August, compared with Rs 1,328.27 crore in July.
Largecap Funds Continue To See Outflows
Largecap funds remained an exception to the broader recovery in equity flows.
The category recorded an outflow of Rs 1,147.36 crore in August, narrower than the Rs 1,321.69 crore outflow in July.
Largecap funds had recorded their first monthly outflow in nearly three years in July. The category had attracted Rs 2,067.48 crore in June before turning negative in July.
Debt Funds Reverse Trend
Debt mutual funds saw a sharp reversal in August after recording strong inflows in July.
Debt-oriented open-ended schemes recorded a net outflow of Rs 8,127.32 crore in August, compared with an inflow of Rs 1,87,511.32 crore in July.
Liquid funds, which had attracted Rs 1,19,065.85 crore in July, saw inflows fall to Rs 19,934.29 crore in August.
Overnight funds also reversed direction. The category recorded an outflow of Rs 30,654.25 crore in August compared with an inflow of Rs 40,412.55 crore in July.
Money market funds remained positive, although inflows declined to Rs 11,734.71 crore from Rs 21,180.23 crore.
Hybrid Fund Inflows Moderate
Hybrid mutual funds recorded net inflows of Rs 10,045.34 crore in August, down 12.58 per cent from Rs 11,490.56 crore in July.
Arbitrage funds continued to attract the largest share of money within the category, although their inflows fell sharply to Rs 3,789.02 crore from Rs 6,502.44 crore in July.
Multi Asset Allocation funds recorded inflows of Rs 3,670.97 crore, slightly lower than Rs 3,753.38 crore in July.
Aggressive Hybrid funds attracted Rs 1,322.79 crore, while Balanced Hybrid funds recorded Rs 1,835.50 crore of net inflows in August.
Gold And Silver ETFs Attract More Money
Gold exchange traded funds (ETFs) saw a sharp increase in investor interest in August.
Net inflows into Gold ETFs rose to Rs 2,596.70 crore from Rs 1,558.75 crore in July, an increase of 66.59 per cent. Silver ETFs also attracted Rs 1,270.63 crore in August.
Amfi has also changed how it reports ETF flows in its August data. In July, most ETFs were reported under the broader Other ETFs category. From August, Amfi has started showing Equity ETFs, Debt ETFs, Gold ETFs, Silver ETFs and other categories separately.
Equity ETFs attracted Rs 7,237.49 crore in August. This cannot be directly compared with the Rs 9,512.05 crore reported for Other ETFs in July because the July figure included different types of ETFs.
SIP Contributions Hit New High
Monthly contributions through Systematic Investment Plans (SIPs) rose to Rs 32,297 crore in August from Rs 31,961 crore in July, according to August industry data. This was a rise of about 1.05 per cent and marked another record for monthly SIP contributions.
The rise in SIP contributions came even as flows into several non-equity categories weakened, indicating continued participation through the systematic investment route.
Mutual Fund Houses Raise Rs 7,110 Crore Through 26 NFOs
Mutual fund houses launched 26 new schemes in August and raised Rs 7,110 crore, compared with 25 schemes that mobilised Rs 2,022 crore in July.
The amount raised through new fund offers (NFOs) increased by nearly 252 per cent month-on-month.
August launches included Abakkus Large & Mid Cap Fund, The Wealth Company Mid Cap Fund, AlphaGrep Flexi Cap Fund, WhiteOak Capital Dividend Yield Fund and Bandhan Contra Fund. Fund houses also launched index funds and ETFs focused on banks, energy, metals, the Nifty 500 and silver.
The overall mutual fund industry recorded net inflows of Rs 41,353.60 crore in August, sharply lower than the Rs 2,35,902.39 crore recorded in July. Industry's assets under management (AUM), however, rose to Rs 87,07,887.74 crore from Rs 85,75,656.52 crore in July.
