Mutual funds get Rs 20,000-cr inflows for second straight month

Total assets under management (AUM) for September stood at Rs 20.4 lakh crore compared with Rs 20.6 lakh crore at the end of August

Mutual funds (MFs) garnered investor flows in excess of Rs 20,000 crore for the second straight month in September, taking the year-to-date inflow tally beyond Rs 1 lakh crore.
 
Last month, the equity schemes saw net inflows of Rs 22,233 crore, including Rs 2,404 crore pocketed by tax-saving MF schemes, according to data released by the Association of Mutual Funds in India on Friday.
 
In August, equity MFs had seen net inflows of Rs 20,362 crore. Two straight months of sharp inflows belie talks that the high tally for August was a one-off event. Despite a relatively slow