India, Sept. 11 -- Inflow in equity mutual funds dropped by 22 per cent to Rs 33,430 crore in August, largely due to a sharp fall in new fund offers (NFOs) and global macroeconomic uncertainties. Despite the decline, this marks the 54th consecutive month of net inflows into the equity segment.

Systematic Investment Plan (SIP) inflows also moderated slightly to Rs 28,265 crore during the month, compared with Rs 28,464 crore in July, data released by the Association of Mutual Funds in India (AMFI) showed on Wednesday.

Going by the data, equity-oriented mutual funds saw inflows of Rs 33,430 crore in August, down from Rs 42,702 crore in July.

Experts attributed the decline to a combination of lower NFO activity and global macroeconomic pre...