Mutual fund (MF) investors remained largely unperturbed by volatility in equity markets in September as they bankrolled MF schemes last month via systematic investment plans (SIPs).
SIP inflows surged 2 per cent month-on-month (MoM) in September to Rs 12,980 crore, according to the latest data released by the Association of Mutual Funds in India (Amfi).
Net inflows into equity schemes, which had declined for three straight months to hit a 10-month low of Rs 6,100 crore in August, went up 130 per cent MoM to Rs 14,100 crore.
Notwithstanding markets being in the red last month, with the Nifty50 having shed more than