Inflows to MF SIPs cross Rs 13K crore in October for the first time

Yet net investments in active equity schemes slump 33% in same month, shows Amfi data

The inflows into mutual fund (MF) schemes through the systematic investment plan (SIP) route rose for the fourth straight month in October, crossing Rs 13,000 crore for the first time, even as equity schemes struggled to deliver in the recent past.

Notwithstanding strong inflows via SIPs, net investments in active equity schemes in October slumped 33 per cent month-on-month (MoM) to Rs 9,400 crore, indicating a major decline in lump sum investments.

On the passive side, net inflows were down 25 per cent MoM to Rs 10,261 crore, reveals data released by the Association of Mutual Funds in India (Amfi).