Even as the Sensex jumped to a new peak in the month of October, the net equity mutual fund inflow during the month declined to Rs 6,026 crore, down 8.8 per cent from Rs 6,609 crore in the previous month.
However, liquid funds witnessed an inflow of Rs 93,202 crore as against an outflow of Rs 140,731 crore in September.
SIP (Systematic Investment Plan) inflow also witnessed a minor fall in October, the Association of Mutual Funds in India (Amfi) said on Friday.
The SIP flow dipped to Rs 8,245 crore from Rs 8,262 crore. Total number of SIP accounts, however, surged to 2.18 crore, an addition of 4.74 lakh accounts during the month. The assets under management (AUM) via SIP mode crossed Rs 3 lakh crore, rising by Rs 14,600 crore in October.
NS Venkatesh, chief executive, AMFI said: “SIP AUM crossing the Rs 3 lakh crore-landmark for the first time ever and the continual rise in SIP accounts are a positive reflection of disciplined approach adopted by the retail investor fraternity.
We expect equity markets to perform better in the coming quarters, as the positive impact of government initiatives trickles down in the economy, driving further inflows in mutual funds.”
Overall, the mutual fund sector witnessed an inflow of Rs 133,481 crore during October this year. The total AUM as on October 31, 2019, were Rs 26.32 lakh crore.