The Mutual Fund industry’s average AUM grew by 2.06%, reaching an impressive ₹65.04 lakh crore in August.
SIP investments hit a record high of ₹23,547 crore, marking 14 consecutive months of all-time high inflows.
Large Cap Funds witnessed a nearly 300% surge in inflows.
In contrast, Hybrid schemes saw a 43% decline in inflows.
Passive funds maintained their steady momentum, despite a slight decrease in inflows.
The average AUM of Debt Funds increased by 1.67%, despite a 62% decline in inflows, with Overnight Funds receiving the highest inflows.
For an in-depth exploration, read through our comprehensive Mutual Fund Flow Report for August, 2024.