Monthly net inflows to equity mutual fund (MF) schemes soared 22 per cent month-on-month (M-o-M), reaching an all-time high of ₹41,887 crore in October, even as the stock markets faced a sharp correction. The previous record of ₹40,608 crore was set in June this year.
Also in October, the MF industry's assets under management (AUM) climbed to a record ₹67.3 trillion, despite equity assets experiencing notable mark-to-market losses. This new AUM peak was bolstered by all-time-high inflows totalling ₹2.4 trillion, including ₹1.6 trillion into debt funds and ₹23,428 crore into passive funds.
Industry experts attributed the surge in inflows into active equity schemes to strategic one-time investments by investors aiming to capitalise on market dips.
This story is from the November 12, 2024 edition of Business Standard.
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This story is from the November 12, 2024 edition of Business Standard.
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