The inflows in equity funds dropped in October to Rs. 181 crore
After collecting good inflows of Rs. 1,401 crore in September, equity funds mopped up just Rs. 181 crore in October. Similarly, inflows in Gold ETFs halved in the month of October compared to September. In September, gold ETFs mopped up Rs. 988 crore and in October they managed to collect Rs. 455 crore.
Inflows into liquid funds are positive at Rs. 32,745 crore this month compared to Rs. 41,078 crore net outflows in September.
The industry’s AUM increased 8% from Rs. 6.41 lakh crore in September to Rs. 6.95 lakh crore in October. Gilt funds, which invest in government securities, continued their losing streak in October by recording redemptions of Rs. 252 crore. Last month gilt funds saw net outflows of Rs. 117 crore. Net inflows in ELSS was Rs. 29 crore.
Among the NFOs floated in October, DSP BlackRock World Agriculture Fund collected Rs. 48 crore while IIFL Nifty ETF and Indiabulls Liquid Fund garnered Rs. 34 crore and Rs. 1,107 crore respectively. All in all, 51 NFOs including close end and open end income schemes garnered Rs. 7,033 crore.
