Equity Mutual Funds Saw Rs 5,215 Crore Inflow In October

Positive sentiments and rallies within the fairness markets helped equity-oriented mutual funds to draw Rs 5,215 crore in October, making it the eighth consecutive month-to-month web infusion.However, the quantum of web inflows dropped from September, when it attracted Rs 8,677 crore, knowledge with the Association of Mutual Funds in India (AMFI) confirmed on Wednesday.Equity schemes have been witnessing a web influx since March this 12 months and the phase has obtained a web influx of Rs 73,766 crore throughout this era, highlighting the constructive sentiments amongst traders.Before this, such schemes had persistently witnessed outflows for eight months from July 2020 to February 2021, dropping Rs 46,791 crore.The influx pushed common property below administration (AUM) of the mutual fund trade to an all-time excessive of Rs 38.21 lakh crore at October-end from Rs 37.41 lakh crore at September-end.Within the fairness phase, virtually all classes noticed web inflows, besides the worth and equity-linked saving scheme (ELSS) classes in October. Healthy inflows have been noticed in sectoral, flexi cap, giant cap, focus and huge & mid cap segments."Net positive flows during October 2021, in all categories of open-ended mutual fund schemes, be it debt, equity, hybrid, solution-oriented, or index, FoFs or ETFs coupled with continued buoyancy in SIP flows, at historic high, have peaked overall Indian MF Industry AAUMs to an all-time high," N S Venkatesh, Chief Executive, AMFI mentioned.