Mutual Fund Investment: Equity Mutual Funds See Record Inflow Of Rs 41,887 Crore In October

Stock Market:  Equity mutual funds recorded a record inflow of Rs 41,887 crore in October, up by more than 21 per cent on a month-on-month basis, buoyed by strong investments in thematic funds. The Association of Mutual Funds in India (AMFI) data on Monday showed that this was the 44th consecutive month of net inflows by equity-oriented funds, highlighting the ever-growing appeal of mutual funds among investors.

These October numbers are truly extraordinary, particularly against the backdrop of a steep market correction. Equity flows were bolstered by a strong market performance earlier this year but suffered a sharp reversal in October.

Overall, the mutual fund industry witnessed an inflow of Rs 2.4 lakh crore in the month under review after outflows of Rs 71,114 crore in September.

The industry's net assets under management increased from Rs 6.7 lakh crore in September to Rs 67.25 lakh crore last month. According to the data, equity-oriented schemes witnessed inflows of Rs 41,887 crore in October as against Rs 34,419 crore in September. Earlier in June, equity scheme inflows stood at Rs 40,608 crore.

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Among equity schemes, sectoral thematic attracted investors with the highest net inflow of Rs 12,279 crore during the month under review. However, flows in the segment were lower compared to Rs 13,255 crore in September.

Stock Market Today

Benchmark stock indices Sensex and Nifty remained steady in volatile trade on Monday amid continued selling by foreign institutional investors (FIIs), disappointing quarterly earnings and weak cues from Asian markets. After swinging between gains and losses, the 30-share BSE Sensex closed 9.83 points or 0.01 per cent higher at 79,496.15. It had touched an intraday high of 80,102.14 and a low of 79,001.34. The NSE Nifty closed marginally down 6.90 points or 0.03 per cent at 24,141.30.

Also Read: Mutual Fund Investment: Equity Mutual Funds See Record Inflow Of Rs 41,887 Crore In October