India’s mutual fund industry continues to show strength despite a moderation in equity inflows in October. According to the recent AMFI data, equity inflows fell nearly 19% month-on-month to around ₹24,000 crore, down from ₹30,405 crore in September.

However, systematic investment plan (SIP) contributions hit a new record of ₹29,529 crore, signalling strong retail participation and growing investor discipline.

Suranjana Borthakur, Head of Distribution & Strategic Alliances at Mirae Asset Investment Managers, said the decline in net inflows should not be seen as a sign of weakness. “Gross inflows have remained stable,” she explained, adding that the moderation was largely due to profit booking, seasonal cash requirements during the festive month, and liquidity being diverted toward IPOs.

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