Mutual fund monthly SIP inflow crosses Rs 25,000 crore mark for first time
SIP crossed the Rs 25,000 crore mark for the first time in October and stood at Rs 25,323 crore against Rs 24,509 crore in September.
The monthly SIP contribution was recorded at Rs 16,928 crore in the same period a year ago.
Among the equity categories, all 11 categories received inflows. Sectoral and thematic funds received the highest inflows of around Rs 12,278 crore in October. Flexi cap funds received Rs 5,180 crore inflows against inflows of Rs 3,214 crore in September.
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The two categories — focused funds and ELSS funds — which witnessed outflows for the last six consecutive months received inflows in October. Focused funds received inflows of Rs 693 crore and ELSS funds received inflows of Rs 383 crore.
All debt mutual fund categories except for medium duration and credit risk funds received inflows in October. Liquid funds received the highest inflow of Rs 83,863 crore, followed by overnight funds which received Rs 25,783 crore inflow in the same period.
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