November 11, 2024

Equity mutual fund inflows surge over 21% in October amid broad-based gains

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In October, equity mutual fund inflows rose sharply by 21.7% to reach ₹41,865.4 crore, up from ₹34,393 crore in September, according to Association of Mutual Funds in India (AMFI) data. This was driven by increased investor confidence across multiple fund categories.

Large cap funds saw inflows more than double, rising to ₹3,452.3 crore from ₹1,769 crore in the previous month.

Similarly, midcap funds recorded a strong inflow of ₹4,683 crore, up from ₹3,130 crore in September. Small cap funds attracted ₹3,772 crore, increasing from ₹3,071 crore last month.

Inflows in hybrid funds reached ₹16,863.3 crore, up from just ₹4,901 crore the previous month. Sectoral and thematic funds saw a slight dip, drawing in ₹12,278.8 crore compared to ₹13,255 crore in September.

Fixed income categories saw notable movements, with liquid funds rebounding to record inflows of ₹83,863.3 crore, a reversal from the previous month’s large outflow of ₹72,666 crore. Credit risk funds continued to experience outflows, although these were slightly reduced to ₹357.8 crore, down from ₹484 crore in September.

Corporate bond funds maintained steady inflows, collecting ₹4,644.4 crore compared to ₹5,039 crore the prior month, while dividend yield funds saw inflows taper off to ₹532.8 crore from ₹1,530 crore.

The inflow into Exchange-Traded Funds (ETFs) reached ₹13,441.8 crore from just ₹381 crore in September.

However, inflows into New Fund Offers (NFOs) fell sharply to ₹6,078 crore, down from ₹14,575 crore.

In tax-saving options, Equity Linked Savings Schemes (ELSS) returned to net inflows, with investments totaling ₹362 crore in October after a previous outflow of ₹349 crore.

Overall, the total assets under management (AUM) across mutual funds increased slightly to ₹67.25 lakh crore in October, up from ₹67.09 lakh crore in September.

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