Equity mutual fund inflows fall 14% in October: AMFI
In short
Equity mutual fund inflows fell nearly 14% in October to Rs 32,994 crore from Rs 38,306 crore in September, AMFI said.
AMFI said the drop was due to market correction. Even so, equity funds still saw their 60th straight month of net inflows and had Rs 37.14 lakh crore in assets at the end of October.
What the reporting says
Equity mutual fund investments fell nearly 14% to Rs 32,994 crore in October from Rs 38,306 crore in September, AMFI said. The industry body said the drop came after market correction, even though the category saw its 60th straight month of net inflows. Equity scheme assets under management stood at Rs 37.14 lakh crore as of October 31, showing the category remained large despite weaker monthly inflows.
Why it matters
AMFI said equity mutual fund investments fell to Rs 32,994 crore in October from Rs 38,306 crore in September, a nearly 14% decline. The industry body linked the drop to market correction, even as equity funds recorded a 60th consecutive month of net inflows. The data matters for fund flows, investor sentiment and broader equity market participation.