Strong inflows into MFs continue

Equity schemes net Rs 16,000 cr in October; equity AUM climbs to Rs 7.08 lakh crore, total AUM at Rs 21.4 lakh crore

The dream run of mutual funds (MFs) continued in October with the stock markets hitting new record highs. Last month, equity schemes saw net inflows of Rs 16,000 crore amid a six per cent jump in the benchmark Sensex index. 

Although the inflows in October were less than the preceding two months, they were much higher than the average monthly inflow of Rs 11,000 crore for the first nine months of the calendar year. 

In August and September, equity MFs had seen an average Rs 20,000 crore of inflows amid weakness in the market. Last month, however, the flows remained