Equity mutual fund inflows moderated in October as investors booked profits following strong market gains, according to an analysis by JM Financial Institutional Securities, which interpreted the industry data released by the Association of Mutual Funds in India (AMFI).

While AMFI reported total equity inflows of ₹32,200 crore (excluding arbitrage) for the month, JM Financial attributed the decline to higher redemptions and cautious lump-sum investments amid elevated valuations.

Gross equity sales fell 6% month-on-month (MoM), while redemptions rose 8%, the brokerage said.

The note highlighted that inflows were supported by new fund offerings (NFOs) amounting to ₹4,200 crore, led by launches such as the Jio BlackRock Flexi Cap Fund and consumption-focused thematic funds. However, it ad

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