Equity mutual-fund inflows reach ₹38,307 crore as Nifty 50 falls 6.1% in September

Data from the Association of Mutual Funds in India (AMFI) showed that equity mutual-fund inflows reached ₹38,307 crore in September, a five-month high, as the Nifty 50 fell 6.1% during the month. AMFI data showed that equity funds recorded net inflows for 67 consecutive months, with domestic fund flows continuing during the market decline.

September equity mutual-fund inflows reached a five-month high

AMFI data showed that equity mutual-fund inflows reached ₹38,307 crore in September, the highest level in five months. The data also showed that equity funds recorded net inflows for 67 consecutive months, a record run.

September inflows rose 31% from August, according to AMFI data. Systematic investment plan contributions reached a record ₹32,490 crore after rising 0.6% during the month.

AMFI data showed that mid-cap funds attracted ₹7,845 crore and small-cap funds attracted ₹9,039 crore in September. Both categories recorded monthly inflows described in the source as records.

Nifty Capital Markets index traded 1.5% higher at 2 p.m. IST

At 2 p.m. on October 12, the Nifty Capital Markets index was trading 1.5% higher at 5,257.5.

The Nifty 50 fell 6.1% in September and was down about 14.4% so far in 2026. The small-cap index had gained 9.6% in 2026, while the mid-cap index was down 2.7%.

Nirav Karkera says debt, hybrid funds and SIP switches may have shaped inflows

Nirav Karkera, Head of Research and Fund Manager at W by Groww, said part of the equity inflow may have come from money leaving debt and hybrid funds.

Karkera said rates were entering a tightening phase and that limited gains from duration had capped incremental allocations to duration-led strategies.

He said the increase in SIP contributions, when considered alongside stoppages, likely reflected investors switching the mutual funds used for their SIPs as well as fresh money entering the category.

Venkat Chalasani links flows to local institutions and retail investors

Venkat Chalasani, chief executive of AMFI, said domestic flows, particularly through SIPs, reflected support from local institutions and retail investors despite rising inflationary pressures, higher crude prices and rising US bond yields.