DSIJ Mindshare

Buy the dips trigger record inflows into equity mutual funds in October

Equity mutual funds experienced a significant surge in inflows in October, reaching a historic high of Rs 41,887 crore, a 22 per cent increase from the previous month, even as the stock markets faced a sharp correction.

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Indian mutual fund industry's total assets under management (AUM) reached a new milestone of Rs 67.3 trillion, fueled by substantial inflows.

Mutual fund monthly snapshot - Net inflows take a dramatic dip, equity mutual fund inflow surges over 3 per cent in August

While debt funds took a hit in August 2024, equity funds, particularly small and mid-cap categories, showed resilience, helping the industry’s total assets to reach Rs 66.70 lakh crore.

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Systematic Investment Plan (SIP) contributions hit a new peak, recording Rs 23,547.34 crore in August.

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