Equity MF inflows soar 42% in Oct
image for illustrative purpose
Rally-led Investments
- Net inflows for 32nd consecutive month
- Investors’ preference for small-cap funds
- Debt-oriented schemes witnessed net inflow of Rs42,634 cr
New Delhi: Inflows in equity mutual funds (MFs) surged 42 per cent month-on-month to Rs19,957 crore in October driven by investors’ preference for small-cap funds. This was way higher than Rs14,091 crore inflow seen in the category in September. Before this, inflow was at Rs20,245 crore in August, according to the data from the Association of Mutual Funds in India (AMFI) released on Thursday.
The flow in October also marks the 32nd consecutive month of net inflows. All the categories experienced inflow in equity segments. The category was aided by fund collection to the tune of Rs4,495 crore in small-cap funds, followed by Rs3,896 crore in thematic funds.
Apart from equities, debt-oriented schemes witnessed a net inflow of Rs42,634 crore in October after withdrawing funds in the past two months. The segment had witnessed a net outflow of Rs1.01 lakh crore in September and Rs25,873 crore in August. Overall, the 44-player mutual fund industry has witnessed an inflow of Rs80,528 crore in the month under review as compared to an outflow of Rs 66,192 in September. This helped mutual fund industry AUM to reach Rs46.71 lakh crore in October-end as compared to Rs46.58 lakh crore at the end of September.
