AMFI October data: Inflows into equity mutual funds declined by 18.8% to ₹24,690 crore against ₹30,421 crore in September, latest data revealed by Association of Mutual Funds in India revealed.
In August also, inflows into equity funds had dropped by 22% month-on-month.
Interestingly, there was decline in most prominent categories of equity mutual funds.
As the table above shows, inflows into large cap funds dropped to ₹972 crore against ₹2,319 crore in September, reflecting a 58% fall.
Likewise, inflows into mid cap mutual funds dropped by 25% to ₹3,807 crore.
Inflows into small cap funds reported 20% fall whereas corresponding data for flexi cap funds was 27%.
A total of 18 new schemes (new fund offers or NFOs) were launched in October. There were a total of 2 flexi cap funds, four sectoral funds, one arbitrage fund, two index funds and 8 other ETFs. In total, these schemes garnered total funds amounting to ₹6,062 crore.
Debt funds
Total inflow into debt mutual funds stood at ₹1.59 lakh crore in October against an outflow of ₹1.01 lakh crore in September.
Highest inflow of ₹89,375 crore was seen in liquid funds followed by overnight funds with an inflow of ₹24,050 crore and money market funds with an inflow of ₹17,916 crore.
Hybrid funds
Overall hybrid mutual funds saw an inflow of ₹14,156 crore in October against ₹9,397 crore. Arbitrage funds saw an inflow of ₹6,919 crore (against outflow of ₹988 crore in Sept), multi asset allocation funds witnessed an inflow of ₹5,344 crore (4,982 crore in Sept) and balanced hybrid funds saw an inflow of ₹1,139 crore (against ₹2,013 crore in Sept).
(This is a developing story)