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SIP Inflows Rise 4% in September Amid Overall Mutual Fund Outflows

The mutual fund Systematic Investment Plan (SIP) inflows rose nearly four per cent at 29,361 crore rupees in September this year as compared to 28,265 crore rupees in August, according to data from the Association of Mutual Funds in India (AMFI). The total net assets under management (AUM) of the mutual fund industry reflected steady increase at 75.61 lakh crore rupees last month as compared to 75.18 lakh crore rupees in August. 
However, inflows across the board slipped, with debt funds leading the outflow. Equity inflows dipped 9 per cent to 30,422 crore rupees as compared to 33,430 crore rupees in August. Net outflow of 43,146 crore rupees was seen in mutual fund industry, as compared to an inflow of around 52,443 crore rupees in the previous month.
Among equity segments, large-cap funds received 2,319 crore rupees, mid-cap funds garnered 5,085 crore rupees, while small-cap funds attracted 4,363 crore rupees, down from prior month. Sectoral and thematic funds saw a drop in inflows to 1,221 crore rupees from 3,893 crore rupees. 
Meanwhile, Gold Exchange-traded funds (ETFs) remained particularly popular, with inflows surging to 8,363 crore rupees from 2,190 crore rupees in August.

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