Mutual Fund AMFI Data: Mutual fund investors have made a net equity inflow of Rs 24,690 crore in the month of October. Association of Mutual Funds in India (AMFI) has informed that the total assets under management (AUM) of the mutual fund industry increased to Rs 79.87 lakh crore in October.
Which was Rs 75.61 lakh crore in the month of September. However, Rs 1.02 lakh crore was withdrawn from debt funds in the month of September. After this, in the very next month in October, investors completely changed this trade and a net inflow of Rs 1.59 lakh crore was recorded. Also, investors invested Rs 89,375.12 crore in the month of October by converting the withdrawals made into liquid funds.
Number of mutual fund folios increased
There was a significant increase in the number of mutual fund investors in the month of October. During this period, the total number of folios increased to 25.60 crore, whereas in September this figure was 25.19 crore. Last month, 18 new open-ended schemes were launched, through which companies raised about Rs 6,062 crore.
According to AMAFi data, net equity inflow in October was Rs 24,690 crore. At the same time, investors had expressed less confidence in gold ETFs. Due to which this figure decreased slightly to Rs 7,743 crore, which was at the record level of Rs 8,363 crore in September.
What do the figures say?
The Assets Under Management (AUM) of the mutual fund industry reached the figure of Rs 79.87 lakh crore in the month of October, showing a strong position. In September this number was Rs 75.61 lakh crore. Which means, in just one month it saw an increase of Rs 4.26 lakh crore or 5.63 percent.
Flexi cap funds become the first choice of investors
According to the information given by AMFI, investors have expressed their confidence in Flexi Cap Funds. The performance of these funds has been excellent in October. A net inflow of Rs 8,928 crore was recorded in this category, which is about 27 percent more than Rs 7,029 crore in September.
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