Positive sentiments and rallies in the equity markets helped equity-oriented mutual funds to attract Rs 5,215 crore in October, making it the eighth consecutive monthly net infusion.
However, the quantum of net inflows dropped from September, when it attracted Rs 8,677 crore, data with the Association of Mutual Funds in India (AMFI) showed on Wednesday.
Equity schemes have been witnessing a net inflow since March this year and the segment has received a net inflow of Rs 73,766 crore during this period, highlighting the positive sentiments among investors.
Before this, such schemes had consistently witnessed outflows for eight months from July 2020 to February 2021, losing Rs 46,791 crore.
The inflow pushed average assets under management (AUM) of the mutual fund industry to an all-time high of Rs 38.21 lakh crore at October-end from Rs 37.41 lakh crore at September-end.