New Delhi
Equity mutual funds saw a record inflow of Rs 41,887 crore in October, marking a 21% increase month-on-month (MoM), according to data on Monday. This marks the 44th consecutive month of net inflows, signaling strong investor confidence in equity-oriented funds.
Despite a 5-6% drop in major indices like the Sensex and Nifty, which was one of the steepest declines in recent years, retail investors showed resilience, continuing to invest heavily in mutual funds. “The numbers are remarkable, especially given the sharp market correction,” said Santosh Joseph, CEO of Germinate Investor Services.
October’s record inflow was part of a broader Rs 2.4 lakh crore investment into mutual funds, which included Rs 1.57 lakh crore directed towards debt schemes. The mutual fund industry’s assets under management grew to Rs 67.25 lakh crore, up from Rs 67 lakh crore in September.
Sectoral thematic funds saw the largest inflow within equity schemes, attracting Rs 12,279 crore, though this was slightly lower than the Rs 13,255 crore seen in September.
