Mutual fund inflows hit ₹1.73 lakh crore in October, equity MF flows fall 14% over September

The Association of Mutual Funds in India (AMFI) recorded net inflows of ₹1.73 lakh crore for the month of October, reversing the outflow seen a month prior. In September, AMFI posted an outflow of ₹1.33 lakh crore. However, flows into equity mutual funds declined to ₹32,993 crore, down nearly 14%, from ₹38,306 crore a month ago.

Under the equity scheme, the larger mid-cap category received an inflow of ₹9,484 crore. The equity funds remain the largest contributor of around 60% of the total folios, with 9.64 lakh additions during this particular month. “October’s rebound is best read as a liquidity swing, not a broad shift in investor appetite.

The key things to watch are whether liquid-fund inflows hold up beyond the quarter-end cycle, and whether equity inflows stay above ₹30,000 crore while FPI selling continues,” Sumit Singhania, head of research at Bajaj Broking said in a note. Debt funds recorded an inflow of ₹1.13 lakh crore, which took the overall assets under management (AUM) to 18.81 lakh crore.