Equity mutual fund inflows drop 14% in October as small-cap funds slump
October saw equity mutual fund inflows fall to Rs 32,993 crore, a 14% decline from September, while small-cap funds recorded a 29% drop, according to AMFI data.
Equity mutual fund inflows in India fell 14% month-on-month in October, reaching Rs 32,993 crore, the Association of Mutual Funds in India (AMFI) reported. The decline followed September’s inflow of Rs 38,306 crore. Small-cap funds registered the steepest fall, down 29% to Rs 6,407 crore.
Large- and mid-cap funds posted a sharp rebound, with inflows rising 99% to Rs 8,484 crore, while the large-cap segment grew 20% to Rs 4,892 crore. Flexi-cap and mid-cap categories also attracted significant new money, recording inflows of Rs 4,979 crore and Rs 4,892 crore respectively.
Debt funds reversed two months of outflows, drawing Rs 1.13 lakh crore in October after outflows of Rs 1.83 lakh crore and Rs 8,127 crore in September and August. Liquid funds led the inflows with Rs 70,533 crore, and overnight funds added Rs 54,893 crore.
Hybrid funds turned positive, recording an inflow of Rs 3,514 crore, up from an outflow of Rs 456 crore the previous month. Arbitrage funds were the biggest beneficiary, attracting Rs 3,928 crore.
Index funds saw a net inflow of Rs 3,090 crore, reversing a prior month outflow, while ETFs grew 31% to Rs 20,303 crore. Overall, open-ended mutual funds attracted Rs 1.73 lakh crore in October, and net assets under management rose modestly to Rs 83.23 lakh crore.