Investors pumped in over Rs 32,000 crore into various mutual fund schemes in October, with equity and debt schemes attracting the maximum inflow.
With this, the total net inflow in mutual fund schemes has reached Rs 2.67 lakh crore in the April-October period of the current fiscal. MFs had witnessed an inflow of Rs 2.15 crore in the same period last year.
According to the data from the Association of Mutual Funds in India (Amfi), investors have poured in a net Rs 32,334 crore in MF schemes last month as compared to Rs 16,071 crore in the preceding month. The latest inflow has been mainly driven by contribution from income fund or debt schemes. Besides, equity schemes continued to witness positive inflow.
Monthly net contributions through SIP (systematic investment plans) led to higher positive net inflows in equity markets, market experts said. SIP is an investment vehicle that allows investors to invest in small amounts periodically instead of lump sums. The frequency of investment is usually weekly, monthly or quarterly.
Income fund or debt schemes saw Rs 52,125 crore being poured in last month, while equity and equity-linked schemes witnessed a net inflows of Rs 9,394 crore, the highest level in 16 months. In addition, balanced fund saw net inflow of Rs 3,385 crore.