AMFI August 2025 Data: Gold ETF Inflows Surge 74%, Large-Cap Funds Gain 33%

Mutual fund inflows in India witnessed mixed trends in August 2025, according to the latest data released by the Association of Mutual Funds in India (AMFI). While equity mutual fund contributions declined after two consecutive months of strong growth, gold ETFs and large-cap funds recorded notable inflows amid rising investor interest.

Equity Mutual Fund Inflows Slip

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Net inflows into equity mutual funds in August fell 21.7% to ₹33,430.37 crore, down from ₹42,702.35 crore in July. The decline follows a strong 81% gain in July and a 24% increase in June, highlighting some moderation after several months of robust growth.

Small-cap funds saw a drop of 23%, with inflows amounting to ₹4,992.91 crore, down from ₹6,484.43 crore in July. Mid-cap funds recorded modest growth of 2.8%, reaching ₹5,330.62 crore, while large-cap funds attracted ₹2,834.88 crore, up 33% from ₹2,125.09 crore in July, signalling continued investor preference for relatively safer stocks amid market volatility.

Sectoral and thematic funds, however, faced a sharp decline, receiving ₹3,893.16 crore compared with ₹9,426.03 crore in July. Hybrid schemes saw net inflows of ₹15,293.70 crore, down from ₹20,879.47 crore, while Equity Linked Saving Schemes (ELSS) recorded ₹59.15 crore inflows after a net outflow of ₹368.18 crore in the previous month.

Surge in Gold and Other ETFs

Investors demonstrated strong interest in gold ETFs, which saw inflows jump 74.3% to ₹2,189.51 crore amid rising gold prices. Other ETFs also recorded significant gains, growing 61.8% to ₹7,244.11 crore in August.

The mutual fund industry raised ₹2,859 crore through 23 new fund offers in August, marking a 90.6% drop from the ₹30,416 crore raised in July. Total assets under management (AUM) of the mutual fund industry declined marginally to ₹75.18 lakh crore in August.

Outlook for Investors

Despite the moderation in equity inflows, analysts suggest that strong participation in large-cap funds, gold ETFs, and hybrid schemes points to a cautious yet steady investment approach by retail and institutional investors. The consistent interest in SIP contributions and ETFs indicates that long-term systematic investing remains a preferred strategy.

Conclusion

August 2025 AMFI data highlights a shift in investor preference, with strong inflows into gold ETFs and large-cap funds, while overall equity and sectoral contributions moderated. Mutual fund investors appear to be balancing growth aspirations with risk management amid market fluctuations.