Equity mutual funds record inflow of over Rs 41000 crore in Oct
The move also marks the 44th consecutive month of net inflow in the equity-oriented funds, highlighting the ever-increasing appeal of mutual funds among investors.
Systematic investment plan (SIP) contribution crossed the Rs 13,000 crore mark in October, according to data released by the Association of Mutual Funds of India (AMFI).
The monthly data showed that the SIP contribution of Rs 13,040.64 crore in October was more than Rs 12,976.34 crore in September.
Mutual fund folios crossed an all-time high at 13,90,77,745 crore and retail mutual funds folios too were at an all-time high at 11,08,00,239 crore.
Advertisement
The mutual fund industry’s net asset under management (AUM) was Rs 39,50,323.28 crore according to the AMFI data.
The number of SIP accounts stood at 5,93,30,069 in October, which was higher by 9,52,385 from September.
New SIPs registered for October 2022 were 19,72,984, the data revealed.
Advertisement
