Equity mutual fund inflows rose 31% month-on-month to Rs 38,306 crore in September, compared with Rs 29,328 crore in August. Smallcap mutual funds continued to attract the highest inflows for the third consecutive month, drawing a record Rs 9,038 crore in September.
Among the 13 sub-categories in equity, the monthly inflows in small cap funds jumped 13% from Rs 7,973 crore in August. The mid cap funds received the second highest inflows of Rs 7,834 crore in September, followed by flexi cap funds that received an inflow of Rs 6,701 crore in the said time period.
