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Equity Mutual Funds Saw Rs 5,215 Crore Inflow In October

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Equity oriented mutual funds have been experiencing high inflows considering that March 2021Positive beliefs and rallies in the equity markets helped equity-oriented shared funds to draw in Rs 5,215 crore in October, making it the 8th successive monthly net infusion.However, the quantum of net inflows dropped from September, when it attracted Rs 8,677 crore, data with the Association of Shared Funds in India (AMFI) showed on Wednesday.Equity schemes have been experiencing a net inflow given that March this year and the sector has gotten a net inflow of Rs 73,766 crore throughout this period, highlighting the favorable beliefs among investors.Before this, such plans had actually consistently seen outflows for eight months from July 2020 to February 2021, losing Rs 46,791 crore.The inflow pressed average assets under management (AUM) of the mutual fund industry to an all-time high of Rs 38.21 lakh crore at October-end from Rs 37.41 lakh crore at September-end.

Within the equity sector, practically all classifications saw net inflows, other than the worth and equity-linked conserving scheme (ELSS) classifications in October.

Healthy inflows were observed in sectoral, flexi cap, large cap, focus and big - & mid cap sections.

Net positive circulations throughout October 2021, in all categories of open-ended mutual fund schemes, be it financial obligation, equity, hybrid, solution-oriented, or index, FoFs or ETFs coupled with ongoing buoyancy in SIP circulations, at historical high, have peaked general Indian MF Market AAUMs to an all-time high, N S Venkatesh, Chief Executive, AMFI said.




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