Mutual fund industry witnessed a sharp recovery in October, with net inflows soaring to nearly 1.74 lakh crore rupees, reversing the net outflow of 1.33 lakh crore rupees recorded in September. The turnaround was primarily driven by strong investments in debt-oriented schemes, even as equity fund inflows moderated.
According to data released by the Association of Mutual Funds in India (AMFI), debt mutual funds attracted net investments of over 1.13 lakh crore rupees in October, reversing September’s outflows. Meanwhile, inflows into the equity mutual funds dropped nearly 13.9 per cent to 32,994 crore rupees in October on a monthly basis. Among the 13 equity fund categories, Large and mid cap funds secured the highest net inflows, attracting 8,484 crore rupees. The category registered nearly 99 per cent surge from 4,271 crore rupees received in September. They were followed by Small cap, Flexi-cap, and Mid-cap funds. However, Equity Linked Savings Scheme and dividend yield funds recorded net outflows last month.
Meanwhile, Systematic Investment Plan (SIP) contributions dipped by one per cent to 32,162 crore rupees in October from a record high of 32,490 crore rupees in the previous month.
