Open-ended equity mutual fund inflows surged 21.69 percent on a month-on-month (MoM) basis to Rs 41,887 crore in October across the equity fund segment, data released by the Association of Mutual Funds of India (AMFI), the industry trade body for mutual funds, showed on November 11.

Inflows into open-ended equity funds stayed in the positive zone for the 44th month in a row.

The rise in equity fund inflows came amid weak performance by equity markets last month. Both the Sensex and the Nifty were down 5.77 percent and 6.22 percent in October.

Demand for small-cap, mid-cap and large-cap funds stayed strong as all three categories saw good inflows during the month.

In the equity fund category, inflows into large-cap funds nearly doubled to Rs 3,452 crore. Further, net investments into Mid Cap Funds zoomed 50 percent to 4,683 crore and Small Cap Fund saw 23 percent jump in inflow to Rs 3,772 crore.

Inflows into Sectoral/Thematic Funds dipped 7 percent but stayed strong at Rs 12,279 crore during October. Four new fund offers in the Sectoral/Thematic category collected Rs 3,517 crore during the month.

In the fixed-income category, debt mutual funds saw inflows of Rs 1,57,402.30 crore. Short-duration Liquid Fund Fund category saw the highest inflows at Rs 83,863 crore during the month. It was followed by Overnight Funds and Money Market Fund, which saw net investments to the tune of Rs 25,303 crore and Rs 25,303 crore, respectively.

On the other hand, small outflows were seen in Credit Risk Fund and Medium Duration Fund categories.

Further, hybrid funds saw net investments of Rs 16,863 during the month, driven by strong demand in Arbitrage Fund, Dynamic Asset Allocation/Balanced Advantage Fund and Multi Asset Allocation Fund categories.

In other schemes category, Index funds saw inflows of Rs 7,931 crore and Gold ETFs (Exchange-Traded Funds) witnessed net investments of Rs 1,962 crore.

Overall, open-ended mutual funds saw net outflows worth Rs 2,39,906.79 crore during October.

(This story will be updated)

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Publisned on Nov 11, 2024 02:12 pm