The Association of Mutual Funds in India (AMFI) recorded net inflows of ₹1.73 lakh crore for the month of October, reversing the outflow seen a month prior. In September, AMFI posted an outflow of ₹1.33 lakh crore. However, flows into equity mutual funds declined to ₹32,993 crore, down nearly 14%, from ₹38,306 crore a month ago. 

Under the equity scheme, the larger mid-cap category received an inflow of ₹9,484 crore. The equity funds remain the largest contributor of around 60% of the total folios, with 9.64 lakh additions during this particular month. 

“October’s rebound is best read as a liquidity swing, not a broad shift in investor appetite. The key things to watch are whether liquid-fund inflows hold up beyond the quarter-end cycle, and whether equity inflows stay above ₹30,000 crore while FPI selling continues,” Sumit Singhania, head of research at Bajaj Broking said in a note. 

Debt funds recorded an inflow of ₹1.13 lakh crore, which took the overall assets under management (AUM) to 18.81 lakh crore. Total AUM under hybrid funds reached 11.48 lakh crore, with ₹3,514 crore received in October. Passive funds gained ₹23,394 crores, with overall AUM at 14.79 lakh crore.

Mutual fund folios rose 0.6% month-on-month to ₹28.78 crores, with 15.80 lakh folios added last month. Systematic Investment Plan (SIP) recorded a monthly contribution of ₹32,160 crores, making total SIP assets ₹17.68 lakh crores. This accounts for 21.25% of the total asset portfolio. Amid improving investor confidence and market stabilisation, AMFI expects SIP contributions to continue growing.

“In April, SIP numbers were around ₹31,000 crore, and currently sit at ₹30,000 crore. The market remained by and large stable during this period. However, compared to October 2025, when it was approximately ₹29,000 crore, we have seen a solid jump of around 10% over the last year. Despite three months of market volatility, overall growth reached 10%. Looking ahead, if markets stay stable or move upward, as current trends suggest, we expect the growth seen in previous months to continue,” Venkat Chalasani, chief executive, AMFI said.