India's mutual fund industry recorded strong inflows in October, with SIP contributions holding close to their all-time high despite market volatility.
According to the latest AMFI data, gross SIP inflows stood at ₹32,160 crore, compared with the record ₹32,490 crore in the previous month. However, active equity fund inflows declined to ₹33,000 crore from ₹38,300 crore in September.
A closer look at the numbers reveals an interesting shift in investor preferences:
- Large & Midcap Funds: Attracted ₹8,484 crore in inflows.
- Midcap Funds: Received nearly ₹5,000 crore.
- Smallcap Funds: Recorded inflows of over ₹6,400 crore.
- Equity ETFs: Inflows rose to ₹12,974 crore.
- Fixed Income Funds: Attracted over ₹1.1 lakh crore.
Overall, the mutual fund industry recorded inflows of approximately ₹1.7 lakh crore during October.
What do these numbers tell us about investor behaviour? Are investors using market corrections to accumulate equities? And are large-and-midcap funds emerging as a preferred investment category?
We decode the latest AMFI October data and what it signals for India's mutual fund investors.
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