Equity Mutual Funds Surge Amid Market Volatility

October saw a significant inflow of Rs 41,887 crore into equity mutual funds, marking the 44th consecutive month of positive net inflows. Driven by thematic funds, this surge happened despite market volatility. Systematic Investment Plans also hit a record high, underscoring the growing appeal of disciplined investing.

Equity mutual funds experienced an unprecedented inflow of Rs 41,887 crore in October, a jump of 21.7% compared to the previous month. This rise, driven by investments in thematic funds, occurred despite stock market volatility, as per data from the Association of Mutual Funds in India (AMFI).

This month marked the 44th consecutive month of net inflow in equity-oriented funds, reflecting their increasing popularity among investors. Systematic Investment Plan (SIP) contributions also soared to an all-time high of Rs 25,323 crore, further showcasing investor confidence.

In addition to equity funds, the mutual fund industry saw a total inflow of Rs 2.4 lakh crore in October, primarily due to significant investments in debt schemes. Liquid funds attracted substantial interest post-tax settlements, illustrating a preference for low-risk, highly liquid options among corporates.

(With inputs from agencies.)