Mutual Fund Inflows Hit Rs 1.74 Lakh Crore in October
- Industry net inflows reached Rs 1.74 lakh crore in October.
- Equity mutual fund inflows fell 14% to Rs 32,994 crore.
- Debt funds saw a sharp rebound with Rs 1.13 lakh crore in inflows.
- Large & Mid-cap funds led equity categories with Rs 8,484 crore.
- Total industry AUM rose to Rs 83.39 lakh crore.
NDTV Profit reported total net inflows of ₹1.73 lakh crore for the same period.
The industry added approximately ₹3.06 lakh crore in October after the previous month's outflows. NDTV Profit reported the industry AUM reached ₹83.38 lakh crore, an increase of 0.9% from the previous month.
Equity mutual fund inflows drop 14%
Overall equity mutual fund inflows fell 13.9% to ₹32,994 crore in October, down from ₹38,307 crore in September. Fortune India reported that net inflows into these equity products moderated by approximately 14% during the month.
Within the equity category, large-cap fund inflows increased by over 20% to ₹1,032 crore in October. This figure compares to the ₹859 crore recorded in the previous month.
Debt funds rebound with Rs 1.13 lakh crore
This performance marked a sharp reversal from the ₹1.83 lakh crore in net outflows experienced during September 2026.
The recovery in these funds was driven by liquid and overnight products, which typically record high inflows at the start of a quarter following quarter-end withdrawals. Specifically, liquid funds attracted ₹70,534 crore and overnight funds brought in ₹54,893 crore during October.
Large & Mid-cap funds surge to Rs 8,484 crore
Large and mid-cap funds emerged as the top equity category for inflows in October 2026, receiving ₹8,484 crore. NDTV Profit reported that this figure represented a 98.6% increase from the ₹4,271 crore recorded in September 2026.
Fortune India noted that the October inflow was nearly double the amount recorded in the previous month. During the same period, contra funds saw net inflows of ₹1,694 crore.
Large-cap funds also saw an increase in net inflows, reaching ₹1,032 crore in October 2026 compared to ₹859 crore in September 2026.
Himanshu Srivastava suggested that the growth in large and mid-cap fund inflows indicates an investor preference for strategies that balance the stability of large-cap stocks with the growth potential of mid-cap companies.
Mid-cap and small-cap inflows decline
Mid-cap funds saw inflows drop 37.5% month-on-month to ₹4,893 crore in October, down from ₹7,835 crore in September. Small-cap funds attracted ₹6,408 crore in net inflows in October, a decline from ₹9,039 crore in September.
Flexi-cap fund inflows fell 25.7% to ₹4,980 crore from ₹6,702 crore in the previous month. Multi-cap funds received ₹2,978 crore in October, compared to ₹3,860 crore in September.
SIP and hybrid fund performance
Systematic Investment Plans, or SIPs, recorded inflows of ₹32,160 crore in October. This followed inflows of ₹32,490 crore in September and ₹32,297 crore in August.
Gold ETF inflows fall 22%
Gold exchange-traded funds recorded net inflows of ₹3,474.03 crore in October. This represents a decline of nearly 22% from the ₹4,450.61 crore recorded in September.
The slowdown occurred alongside a 7% decline in MCX gold prices during the month of October.
Analyst views on investor caution
Contra funds saw a significant increase in inflows to ₹1,694 crore in October, up from ₹98 crore in September.
Regarding the sustained equity inflows, Srivastava said "the sustained inflows suggest that investors continue to look beyond near-term market developments and remain committed to equities as a long-term wealth creation avenue".
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