After rising significantly in the month of September, contribution to equity mutual fund schemes fell in the month of October.
The total inflows to equity mutual funds declined sharply by one-third from ₹14,099 crore in September to ₹9,390 crore in October. It is worth remembering that the inflow to equity schemes had seen a major jump in the preceding month when inflows rose to ₹14,099 crore in September from ₹6,119 crore in August.
As far as debt schemes are concerned, the outflow dropped sharply in October to ₹2,817 crore from ₹65,372 crore in the preceding month.
|Inflow to equity schemes ( ₹crore)
“Markets continue to react to the global factors and domestic rate hikes. However, Mutual Fund investors have shown resilience and continue to invest in SIPs, with consistent contribution month on month. There is growth in overall equity AUM and Folios too,” N S Venkatesh, Chief Executive, AMFI said while sharing his view on the latest data.
SIP contribution crossed ₹13,000-crore mark. The October monthly-data shows SIP contribution of ₹13,040 crores as compared to ₹12,976.34 crore in the previous month.
Mutual Fund folios crossed all-time high at ₹13,90,77,745 and retail mutual fund folios hit an all-time high at ₹11,08,00,239.
New fund offers in October
For new fund offers (NFOs), October was a busy month as a total of 28 new open-ended schemes were rolled out.
There was one fund scheme in the debt category, four were in the equity category, 21 index funds and two ETFs. Besides, three close-ended schemes were also launched last month.