Equity mutual funds registered an inflow of over Rs 16,000 crore in October, buoyed by strong participation from retail investors, latest data with industry body Amfi showed.
This has taken the total inflow into such funds to over Rs 96,000 crore in the first seven months of the ongoing financial year.
"The mutual fund industry has been among the biggest beneficiaries of demonetisation, which resulted in low interest rates on bank deposits.
