October saw muted inflows into equities mutual funds despite a solid month for the Nifty 50 index. According to AMFI’s most recent data, net inflows into equity schemes decreased to Rs 24,690 crore, down around 19% from Rs 30,422 crore in September.
Equity AUM increased to Rs 35.16 lakh crore, while the overall mutual fund sector AUM increased to Rs 79.87 lakh crore from Rs 75.61 lakh crore in September. In contrast, flexi-cap funds reported a net inflow of Rs 8,929 crore, which was more than they had in September.
Large-cap schemes witnessed net inflows of barely Rs 972 crore, a sharp decline from September, while mid- and small-cap funds saw their inflows dip to Rs 3,807 crore and Rs 3,476 crore, respectively. A net outflow of Rs 666 crore was reported by ELSS plans. Equity AUM rose to Rs 35.16 lakh crore despite a slowdown in flows, thanks to the October equity market rise.
October saw net inflows of Rs 14,156 crore for hybrid schemes, Rs 6,920 crore for arbitrage funds, and Rs 5,344 crore for multi-asset allocation funds. Moderate contributions were made to balanced hybrid funds and dynamic asset allocation; by the end of the month, the hybrid category’s AUM had reached Rs 10.69 lakh crore.
During the month, passive funds collected Rs 16,668 crore, increasing their AUM to Rs 13.66 lakh crore. With Silver ETFs following suit, Gold ETFs had a great performance, raising Rs 7,743 crore to assist the category’s AUM surpass Rs 1 lakh crore for the first time.
In October, the mutual fund SIP flows reached a new high of Rs 29,529 crore, marginally higher than the Rs 29,361 crore recorded in September. Following 60 lakh fresh registrations and 45 lakh closures, the total number of SIP accounts hit 9.88 crore.
