Swarup Mohanty of Mirae Asset Global Investments upbeat over August equity mutual fund inflow of Rs 9000 crore

Commenting on SIP data, Kapoor said, "The SIP number that I have is Rs 8,230 crore which is broadly in line with what we have been seeing over the last few months. So, that is a very strong number. Also the equity flows are very heartening to see, a smart pickup over the last 2 or 3 months. In fact, since April we have had steady pickup in net sales. This month again we have seen a broad-based increase across large, multi-cap and smallcaps, so it is not just concentrated in one segment, it is quite broad."

"Liquid funds are highly liquidity-led and September is not the best month to judge them. Also, the net sale number may not be symptomatic of what has really happened in the month. So, the average assets in the months may be a better way to look at liquid fund category and at least the data that I have seen so far seems to suggests that the category itself was positive but not to the extent of Rs 79,000 crore because that is a point-to-point number and this is really a daily moving category. So, it is up but not to that level," Kapoor added.