Equity Fund Inflows Surge in October; SIPs Reach Record High
Mutual fund inflows surged in October, with equity and SIP investments reaching record highs, showing strong investor confidence and participation.
In October, mutual funds in India experienced a notable increase in inflows, with equity funds rising by 21.69 per cent to Rs 41,887 crore. Data from the Association of Mutual Funds in India (AMFI) shows that the total assets under management (AUM) in the mutual fund sector increased to Rs 67.25 lakh crore.
Equity mutual funds have posted consistent monthly inflows for the past 44 months, indicating sustained interest across Large-Cap, Mid-Cap, and Small-Cap funds. Large-cap funds registered nearly a two-fold increase in inflows, totalling Rs 3,452 crore. Mid-cap funds experienced a remarkable 50 per cent increase, attracting Rs 4,683 crore. Small-cap funds also saw growth, bringing in Rs 3,772 crore, which reflects a 23 per cent rise.
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October also set a record for Systematic Investment Plans (SIPs), with contributions hitting a new peak of Rs 25,322.74 crore, up from Rs 24,508.73 crore in September. The number of active SIP accounts rose to 10.12 crore, showcasing strong investor engagement.
Furthermore, Hybrid Funds, which invest in a combination of asset classes, reported inflows of Rs 16,863.3 crore, a significant jump from Rs 4,901 crore in September. However, sectoral and thematic mutual funds, which concentrate on particular industry sectors, experienced a minor decline in inflows, totalling Rs 12,278.8 crore compared to Rs 13,255 crore the previous month.
The fixed-income segment also saw significant changes. Liquid funds, which focus on short-term investments, garnered inflows of Rs 83,863.3 crore, recovering after an outflow of Rs 72,666 crore in September. Corporate bond funds attracted steady inflows of Rs 4,644.4 crore, while dividend yield mutual funds faced a drop, decreasing to Rs 532.8 crore from Rs 1,530 crore in September.
Disclaimer: The article is for informational purposes only and not investment advice.