Multi cap schemes witness huge outflows in September; other equity schemes affected

The association of mutual funds in India (AMFI) released the monthly data for September about inflows in mutual fund schemes. Multi cap schemes were the biggest losers among equity mutual funds in September. The category witnessed a net outflow of Rs 1,143.86 crore. 
 
Other categories that saw net outflows this month were large cap, mid cap, focused funds and ELSS. This is for the first time in this financial year that ELSS schemes saw outflows. ELSSs saw an outflow worth Rs 38.87 crore.
 
The top gainers in the equity segment were focused funds and large & mid cap funds. 
 
Interestingly, small cap funds saw inflows worth 132.91 crores in September. The category has seen outflows for the two months. 
 
On the debt mutual fund side, liquid funds saw huge net outflows. Ultra short duration funds and money market funds, and gilt funds also saw outflows.
 
Banking & PSU funds and floater funds saw good net inflows. Long duration funds had seen net inflows till last month. Credit risk funds continued to witness outflows in September. 
 
Apart from multi asset allocation funds, all other hybrid fund categories saw outflows in September. The biggest losers in this segment were the aggressive hybrid funds which saw net outflows worth Rs 2004.27 crore. 
 
Gold ETFs saw a dip in inflows for a consecutive second month. The inflows in gold ETFs stood at 597.26 crore in September vis-a-vis 907.85 crore in August. Index funds also had net inflows in September.

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