Equity oriented mutual funds seeing higher inflows from March 2021
Positive sentiments and rallies in equity markets helped equity-oriented mutual funds attract Rs 5,215 crore in October, making it their eighth consecutive monthly net inflows.
However, the net inflow volume fell since September, when it attracted Rs 8,677 crore, Association of Mutual Funds in India (AMFI) data showed on Wednesday.
Equity schemes have been witnessing net inflows since March this year and the segment has received a net inflow of Rs 73,766 crore during this period, highlighting the positive sentiments among investors.
Earlier, such schemes had seen outflows for eight consecutive months from July 2020 to February 2021, incurring a loss of Rs 46,791 crore.
The inflows pushed the average assets under management (AUM) of the mutual fund industry to an all-time high of Rs 38.21 lakh crore at the end of October, from Rs 37.41 lakh crore at the end of September.
Within the equity segment, almost all categories saw net inflows in October except value and equity-linked savings scheme (ELSS) categories. The sectoral, flexi cap, large cap, focus and large and mid cap segments saw good investments.
“Net positive inflows across all categories of open-ended mutual fund schemes, be it debt, equity, hybrid, solution-oriented, or index, FOF or ETF, during October 2021, with a sustained jump in SIP inflows to historical highs. “The overall Indian MF industry AAUM reached an all-time high,” said NS Venkatesh, Chief Executive, AMFI.
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