Equity mutual funds took in ₹38,306.55 crore in September 2026, up 30.61% from ₹29,328.62 crore in August, according to AMFI data reported by Outlook Money on 12 October. It was the third straight month of rising inflows after a 14.8% fall in July. The rise came in a weak market: the Sensex fell 5.82% and the Nifty 50 fell 6% in the month, and foreign investors withdrew ₹35,861 crore from Indian equities.
SIPs
Monthly systematic investment plan inflows were a record ₹32,490 crore, against ₹32,297 crore in August and ₹29,361 crore in September 2025, about 11% higher on the year.
Where the money went
Smallcap funds took ₹9,038.57 crore, up 27.34%, and midcap funds ₹7,834.84 crore, up 12%. Together that is ₹16,873.41 crore, about 44% of total equity inflows on the reported figures. Flexicap funds took ₹6,701.80 crore, large and mid-cap funds ₹4,271.22 crore and multicap funds ₹3,859.55 crore. Largecap funds took ₹859.47 crore after outflows in July and August. ELSS funds saw net outflows of ₹662 crore, the 14th straight month of withdrawals.
Other categories
Debt funds had net outflows of ₹1.83 lakh crore, against inflows of ₹1.88 lakh crore in July, led by liquid funds (₹95,743.20 crore) and money market funds (₹50,846.21 crore). Gold ETFs took ₹4,450.61 crore, up 71%, and silver ETFs ₹1,974.32 crore. New fund offers raised ₹2,372 crore through 22 schemes, down about 67% from ₹7,110 crore in August. The report does not give total assets or folio counts.
Key numbers
- Equity fund inflows: ₹38,307 cr (+30.6% on August)
- SIP inflows: ₹32,490 cr (Record; +11% on Sep 2025)
- Smallcap + midcap: ₹16,873 cr (About 44% of inflows)
- Debt fund flows: −₹1.83 lakh cr (Net outflow)
What boards and CFOs should note
Three points stand out. First, retail money kept flowing into equity funds as markets fell, mostly through SIPs. Second, the flow tilted toward smaller companies, which matters for issuers and for liquidity. Third, large debt-fund outflows mean institutional treasuries moved money out of liquid and money market funds in the month.
Source: Outlook Money, 12 October 2026. This is a summary of a news report, published as general information. It is not legal, tax or investment advice.
This article is journalism and commentary. It is not a recommendation to buy or sell any security, and it is not professional advice. Read the full disclaimer.
