Mutual fund flows continue to slide; gold ETFs sparkle

Summary: According to AMFI’s September 2025 disclosures, equity and hybrid mutual fund schemes have seen a decline in net flows for the third straight month, while gold and silver ETFs saw a sharp surge. Mutual fund inflows slipped again in September, marking the third consecutive month of decline. As per data from AMFI (Association of Mutual Funds in India), equity-oriented schemes saw net flows of Rs 30,421 crore in September, down from Rs 33,430 crore in August and Rs 42,702 crore in July. Despite the slump, September marks the 55th consecutive month of positive equity flows since March 2021. Further, SIPs (systematic investment plans) remained steady during the month, with monthly contributions increasing to Rs 29,361 crore, indicating investor discipline despite market uncertainty. Hybrid schemes also witnessed signs of fatigue. After peaking in June and July, i