Surge in Equity Mutual Funds Despite Market Shift

Equity mutual funds in India saw a record inflow of Rs 41,887 crore in October, despite a significant market correction. The increase marks the 44th consecutive month of net inflow, with thematic funds contributing significantly. The overall mutual fund industry also saw a substantial influx into debt schemes.

In October, equity mutual funds experienced a remarkable influx of Rs 41,887 crore, a 21% month-on-month increase driven by investments in thematic funds.

This marks the 44th consecutive month of positive net inflows into equity-oriented funds, underscoring their growing popularity among investors, according to the Association of Mutual Funds in India (AMFI).

While the Sensex and Nifty experienced a sharp 5-6% drop, retail investors showed resilience, maintaining strong inflows. The mutual fund industry overall saw a notable Rs 2.4 lakh crore influx, primarily due to significant investments in debt schemes, marking a recovery from September's outflow.