Equity Mutual Fund Inflows Fall 14% in October
India’s equity mutual fund inflows declined nearly 14% month-on-month to ₹32,993.64 crore in October 2026, compared with ₹38,306.55 crore in September, according to data released by the Association of Mutual Funds in India (AMFI) on Wednesday, November 11. Small-cap funds recorded a particularly sharp slowdown, with net investments falling 29%.
Small-Cap Mutual Fund Inflows Decline 29%
Small-cap mutual funds attracted ₹6,407.50 crore in October, compared with ₹9,038.57 crore in September, representing a decline of approximately 29%.
Mid-cap fund inflows also fell sharply to ₹4,892.62 crore from ₹7,834.84 crore, a decrease of nearly 38%.
Flexi-cap schemes received ₹4,979.95 crore, down from ₹6,701.80 crore in the previous month.
Despite the slowdown, all three categories continued recording positive net investments.
Large and Mid-Cap Funds Attract Highest Investments
Large and mid-cap funds emerged as the leading equity category, attracting ₹8,484.23 crore in October, almost doubling September’s ₹4,271 crore.
Large-cap funds recorded a 20% increase in inflows to ₹1,032.39 crore.
Meanwhile, dividend yield funds registered net withdrawals of ₹92.82 crore, while equity-linked savings schemes (ELSS) experienced outflows of ₹577.88 crore.
SIP Contributions and Mutual Fund Assets in October
Monthly systematic investment plan (SIP) contributions declined marginally to ₹32,160 crore from ₹32,490 crore in September.
However, overall mutual fund industry assets under management increased to ₹83.38 lakh crore, compared with ₹82.64 lakh crore in the previous month.
Debt mutual funds recorded a significant recovery, attracting ₹1.13 lakh crore after experiencing net withdrawals of ₹1.83 lakh crore in September.
The October figures indicate a moderation in equity fund investments, particularly among smaller companies, while overall mutual fund assets continued expanding.
