Mutual funds trends: Equity inflows drop 22% to Rs 33,430 cr in August; SIP momentum flat at Rs 27,000 cr

Equity mutual fund inflows experienced a 22% decrease in August, totaling Rs 33,430 crore, primarily due to a reduction in new fund offerings. Despite this dip, equity schemes maintained their positive momentum, marking the 54th consecutive month of net inflows. Flexi Cap Funds led the category inflows, while debt mutual funds saw withdrawals.