Equity mutual fund inflows declined 19% month-on-month to ₹24,671 crore in October from ₹30,405 crore in September, according to data released by the Association of Mutual Funds in India (AMFI).

Despite the moderation in flows, total industry assets under management (AUM) climbed to a record ₹79.87 lakh crore, compared with ₹75.61 lakh crore in the previous month.

Analysts attributed the softer flows to profit booking after the recent market rally and the impact of festive-season liquidity needs.

“While it’s a decent net inflow in absolute terms, the moderation could be attributed to profit booking by investors given the sharp surge in equity markets along with the festive season,” said Himanshu Srivastava, Associate Director – Manager Research, Morningstar India. “The overall trend con

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