What India’s top 3 mutual fund houses bought and sold in October
The Indian mutual fund industry witnessed a robust inflow of over ₹35,000 crore in the month of October.
By ET Bureau |
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The Indian mutual fund industry witnessed a robust inflow of over ₹35,000 crore in the month of October after an outflow of ₹2.3 lakh crore in September. The liquid category saw an inflow of over ₹55,000 crore against an outflow of more than ₹2 lakh crore in September. Equity inflow, including equity linked savings schemes, rose to the highest level since February this year indicating investor confidence in equity as an asset class despite recent market volatility. Investor discipline and maturity was also reflected in ₹7,985 crore coming in via the systematic investment plan (SIP) route. However, income funds continued to see an outflow for the sixth straight month.
