Mutual Fund Flows Fall 19% to ₹24,671 Crore in Oct, AUM at New High

Equity mutual fund inflows fell by 19% in October to ₹24,671 crore from ₹30,405 crore in September, as per AMFI data. However, the total assets under management (AUM) in the industry reached a new high of ₹79.87 lakh crore, up from ₹75.61 lakh crore in September. Large-cap funds received net inflows of ₹972 crore, down from ₹2,319 crore in September.

Mid-cap and small-cap funds saw lower inflows at ₹3,807 crore and ₹3,476 crore, respectively.

Sectoral and thematic funds showed steady growth, with inflows rising to ₹1,366 crore from ₹1,221 crore. In contrast, equity-linked savings schemes (ELSS) faced net outflows of ₹665 crore, widening from ₹308 crore the previous month.

On the debt side, liquid funds saw heavy outflows of ₹89,375 crore due to quarter-end redemptions and corporate withdrawals, higher than September’s ₹66,042 crore. Credit risk funds also had outflows, though reduced to ₹84 crore from ₹256 crore. Corporate bond funds bounced back with inflows of ₹5,122 crore, reversing earlier outflows. Hybrid schemes attracted strong interest, with inflows rising sharply to ₹14,156 crore from ₹9,397 crore, indicating preference for diversified investing.

Exchange-traded funds (ETFs) had inflows of ₹6,182 crore, lower than ₹8,151 crore last month, while gold ETFs attracted ₹7,743 crore, slightly less than September.

New fund offerings (NFOs) surged to ₹6,062 crore, a significant rise from ₹1,959 crore in September. Despite slower inflows, the mutual fund industry’s AUM hit a record high in October