Mutual fund sales rebounded in September, after market turmoil sent the industry into net redemptions in August.

The Investment Funds Institute of Canada reports that, based on a sample of preliminary data from some of its members, net sales of mutual funds for the month of September are estimated to be between $620.2 million to $1.1 billion.

“Sales industry-wide rebounded in September,” said Pat Dunwoody, vp of member services and communications with IFIC, in a release. “At $869 million, sales estimates are in line with what was seen last year at this time.”

RBC Asset Management regained its sales crown in September, generating $330 million in monthly net sales. It just edged out TD Asset Management, which had $317 million in September sales. Fidelity Investments was the only other firm to produce $100 million in monthly net sales.

Looking solely at long-term funds, RBC’s monthly performance was even better. It reported $284 million in long-term net sales, putting it far ahead of second place Fidelity, which had $132 million in long-term sales. Dynamic Mutual Funds was the only other firm with $100 million in long-term sales. Although TD ran a close second in overall sales, its sales were primarily in money market funds ($270 million worth).

Several firms faced redemptions in September. Both AIM Trimark and National Bank funds had $171 million in overall net redemptions. AIC’s $101 million in redemptions put it third on that count. A handful of other firms had modest net redemptions for the month.

IFIC also estimates that net assets of the mutual fund industry at the end of September will be in the range of $698.6 billion to $703.6 billion, up approximately 1% from last month’s total of $695.9 billion.