Equity fund inflows in August were lower at Rs 33,430 crore compared to July’s Rs 42,702 crore, with retail investors continuing to invest through SIPs. The industry’s AUM also declined marginally to Rs 75.18 lakh crore. Large-cap and mid-cap funds saw net inflows, while small-cap and thematic schemes saw a sharp fall. NFO collections were meagre at Rs 2,859 crore.