Amfi Data September 2026: Equity mutual fund inflows rose 30.61 per cent month-on-month (m-o-m) to Rs 28,306.55 crore in September 2026, from Rs 29,328.62 crore in August, according to data released by the Association of Mutual Funds in India (Amfi).
This marks the third straight month of rising inflows following a 14.8 per cent decline in July. The sharp jump in equity mutual fund inflows came despite bearish market sentiment in September, when the Sensex fell 5.82 per cent and the Nifty 50 declined 6 per cent. High crude oil prices, rising US Treasury yields and a weakening rupee weighed on the market, prompting foreign portfolio investors (FPI) to withdraw Rs 35,861 crore out of domestic equities.
Inflows through systematic investment plan (SIP) rose slightly to a record Rs 32,490 crore in September from Rs 32,297 crore in August. The increase was bigger on a yearly basis, with inflows rising 11 per cent from Rs 29,361 crore in September 2025.
Smallcap, Midcap Funds Continue To Attract Highest Inflows
Smallcap and midcap funds remained the biggest contributors to actively managed equity inflows, while largecap funds saw modest inflows.
Smallcap funds attracted Rs 9,038.57 crore in, up 27.34 per cent from Rs 7,097.54 crore in August. Midcap funds saw inflows increasing to Rs 7,834.84 crore, up 12 per cent from Rs 6,989.40 crore in the previous month.
Together, smallcap and midcap funds brought in Rs 16,873.41 crore in September, accounting for nearly half of the total inflows into actively managed equity schemes.
After two months of outflows, large-cap funds returned to positive territory in September, attracting Rs 859.47 crore. The category had seen withdrawals of Rs 1,147.36 crore in August and Rs 1,321.69 crore in July.
Most Equity Fund Categories See Higher Inflows
Flexicap funds also recorded higher inflows at Rs 6,701.80 crore, compared with Rs 5,059.42 crore in August. Multicap funds attracted Rs 3,859.55 crore as against Rs 3,732.77 crore in the previous month.
Large & Mid Cap funds saw inflows rise to Rs 4,271.22 crore from Rs 3,872.79 crore in the prior month.
Sectoral funds saw inflows of Rs 1,840.02 crore in September, against outflows of Rs 53.19 crore in August. Thematic fund inflows rose to Rs 1,800.07 crore from Rs 1,766.19 crore in August.
Contra funds saw net outflows of Rs 97.88 crore against inflows of Rs 1,328.01 crore in August.
ELSS, or tax-saving mutual funds, saw net outflows of Rs 662 crore in September, extending the streak of withdrawals to 14 consecutive months.
Debt MF Outflows Surge To Rs 1.83 Lakh Crore
Debt mutual funds saw net outflows of Rs 1.83 lakh crore in September, compared with Rs 8,127.32 crore in August. This was a sharp shift from July, when the category had drawn inflows of Rs 1.88 lakh crore.
Liquid funds saw the biggest withdrawals at Rs 95,743.20 crore, followed by money market funds at Rs 50,846.21 crore. Ultra-short-duration funds recorded outflows of Rs 11,728.87 crore, while overnight funds saw withdrawals of Rs 7,281.20 crore.
Hybrid Funds See Mixed Flows
Hybrid funds recorded net outflows of Rs 456.68 crore in September, largely due to withdrawals of Rs 3,956.38 crore from arbitrage funds. Equity savings funds saw outflows of Rs 1,227.86 crore, while balanced advantage funds and dynamic asset allocation funds recorded net outflows of Rs 912.43 crore.
However, inflows into multi-asset allocation funds and aggressive hybrid funds stood at Rs 3,666.98 crore and Rs 1,863.54 crore, respectively, offsetting much of the withdrawals across the category.
Gold And Silver ETFs Gain Investor Interest
Among exchange traded funds, Gold ETF inflows rose 71 per cent m-o-m to Rs 4,450.61 crore in September from Rs 2,596.70 crore in August. Silver ETFs also saw higher inflows, attracting Rs 1,974.32 crore against Rs 1,270.63 crore in the previous month.
Equity ETFs recorded inflows of Rs 9,959.96 crore, up from Rs 7,237.49 crore in August. Debt ETFs, however, continued to see net outflows, with investors pulling out Rs 883.94 crore in September, compared with Rs 944.97 crore a month earlier.
