New data released by the Association of Mutual Funds in India (AMFI) indicates a slight deceleration in mutual fund inflows for October. Systematic Investment Plan (SIP) contributions experienced a marginal dip of just over 1% month-on-month, settling at ₹32,160 crore, down from September's ₹32,490 crore.
Despite this slight monthly decline, SIP inflows demonstrated robust year-on-year growth, climbing 8.9% from ₹29,529 crore recorded in October 2025. This sustained interest highlights investor confidence in long-term wealth creation strategies.
Equity Fund Inflows Decline
Overall equity mutual fund inflows saw a more significant drop, falling approximately 14% month-on-month to ₹32,994 crore in October, compared to ₹38,306 crore in September. This shift suggests a cautious approach among some investors in the equity segment during the period.
Within the equity categories, large-and-midcap funds emerged as a strong performer, attracting ₹8,484 crore in October—a near 99% surge from ₹4,271 crore in September. In contrast, smallcap fund inflows declined by 29% month-on-month to ₹6,407 crore, and midcap fund inflows also fell by about 38% to ₹4,892 crore.
Industry AUM and Investor Participation
The mutual fund industry's net assets under management (AUM) continued to grow, reaching ₹83.39 lakh crore in October, up from ₹82.64 lakh crore in September. The industry also added 15.80 lakh net folios during the month, bringing the total number of mutual fund folios to a significant 28.78 crore.
Retail mutual fund AUM, which includes equity, hybrid, and solution-oriented schemes, stood at ₹49.21 lakh crore in October. Retail folios increased to 21.93 crore, reflecting continued participation from individual investors.
Venkat Chalasani, Chief Executive at AMFI, commented on the resilience of the market, stating, "Investor participation remained resilient, with nearly 10 crore SIP accounts. This marked the third consecutive month of SIP contributions exceeding ₹32,000 crore."
October also saw the launch of 28 new mutual fund schemes, collectively raising ₹3,829 crore, indicating ongoing product innovation and investor interest in diverse investment opportunities.