Summary:

In October 2024, amid market turbulence, the Indian mutual fund sector demonstrated resilience. Domestic equity funds’ AUM decreased by 3.6% month-on-month, reaching US$ 387.32 billion, while the Nifty index fell by 6.2%. However, net equity inflows hit a record US$ 5.92 billion, a 37% rise from September 2024. SIP inflows reached a record high of US$ 3.01 billion, representing a 49.6% YoY increase.

Despite a drop in market indices, equity schemes recorded a 3.5% monthly gain in sales, totaling US$ 10.33 billion (Rs. 86,800 crores). SIP inflows continued to climb, supporting long-term wealth creation. Redemptions fell by 22.1% month-on-month, indicating calmer investor sentiment. Sector allocations shifted, with increased exposure to private and public sector banks, capital goods, healthcare, technology, and cement. Oil and gas, consumer durables, automobiles, NBFCs, and retail all saw decreased allocations.

Source: IBEF 

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.