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Net inflows into equity MFs decline in October
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Net inflows into equity-oriented mutual fund schemes declined to Rs 5,214.87 crore in October from Rs 8,677.41 crore in September as investors continued to book profit. Data released by the Association of Mutual Funds in India (Amfi) show that barring ELSS and value/contra schemes, all other schemes witnessed positive inflows during the month. The hybrid category continued to see inflows, except for arbitrage and hybrid aggressive/ balanced. The fund of funds, index funds and ETFs, too, reported inflows and collectively witnessed flows of Rs 10,758.85 crore as on October 31.
The average assets under management (AUMs) and net AUMs for the mutual fund industry have risen to record high levels of Rs 38.21 lakh crore and Rs 37.33 lakh crore,
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