Mutual Fund has become the favorite of investors, investment increased by 21% in October and crossed so many thousand crores

Equity mutual funds saw a record inflow of Rs 41,887 crore in October. This is an increase of more than 21 percent every month. This has been strengthened by strong investment in sector-based funds. According to data released by the Association of Mutual Funds in India (Amfi) on Monday, this is the 44th consecutive month of net inflows in funds investing in stocks, which shows the increasing attraction of mutual funds among investors. Santosh Joseph, co-founder and chief executive officer (CEO) of Germinate Investor Services, said, “The October figures are extraordinary, especially considering the huge decline in the market. While equity inflows had increased due to the strong performance of the market this year, there was a huge reversal in it in October.” 

Highest investment in equity mutual funds

He said, “The five-six percent fall in both Sensex and Nifty is one of the sharpest declines in recent years, which we last saw in March 2020. Despite this, retail investors have shown remarkable resilience, and equity mutual funds have seen inflows of over Rs 40,000 crore.” Overall, the mutual fund industry saw inflows of Rs 2.4 lakh crore in the month under review after withdrawals of Rs 71,114 crore in September. This massive inflow was led by investments of Rs 1.57 lakh crore in bond schemes. 

AUM crossed 67 lakhs

Net assets under management (AUM) of the industry rose to Rs 67.25 lakh crore in October from Rs 67 lakh crore in September. According to the data, schemes investing in shares saw an inflow of Rs 41,887 crore in October compared to Rs 34,419 crore in September. Earlier, equity schemes had received an inflow of Rs 40,608 crore in June.