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The data released by AMFI for September 2022 month shows that Mutual Fund industry‘s Avg. AUM increased by 0.87% to ₹39.87 Lakh Crs in September with net outflow of ₹41 K Crs, driven by selling in Debt schemes.

The Quarterly Average AUM for the quarter July-September 2022 of the Mutual fund industry also increased by 3.44% to ₹39.04  Lakh Crs compared to ₹37.74 Lakh Crs in the previous quarter of Apr-Jun 2022.

Equity oriented schemes witnessed inflow for the 19th consecutive month driven by Mid and Small Caps and Sectoral/Thematic Funds.

Average AUM of Debt Funds in September decreased by 0.59% to ₹13.32 Lakh Crs with the net outflow of ₹65K Crs. This is due to quarter-end withdrawals by institutional and corporate investors for advance tax payments. With expectation of rate hike and volatility, investors took comfort in Overnight Funds which continued to give 5%+ returns.

The SIP contribution grew to ₹12,976 Crs in September.

SBI Mutual Fund continued to enjoy the top slot for the 11th consecutive quarter in June. As per quarterly average AUM, Nippon gained by two spots to move at 4th place while Kotak Mahindra slipped to 6th place.

For all these snippets and much more please read through our Mutual Fund Flow September-2022 report.