October witnessed subdued inflows into equity mutual funds, as AMFI’s latest data showed that net inflows into equity schemes declined to Rs 24,690 crore. It was down around 19% month-on-month basis from Rs 30,422 crore in September.

As per the AMFI data, the total mutual fund industry AUM rose to Rs 79.87 lakh crore, up from Rs 75.61 lakh crore in September, while equity AUM climbed to Rs 35.16 lakh crore.

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The flexi-cap funds bucked this trend, registering a net inflow of Rs 8,929 crore, higher than in September.

Mid and small-cap funds saw their inflows fall to Rs 3,807 crore and Rs 3,476 crore, respectively, while large-cap schemes saw net inflows of just Rs 972 crore.

AMFI data further mentioned that the ELSS schemes also recorded a net outflow of Rs 666 crore. Despi

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