Amfi Monthly Data: Equity Mutual Fund Inflows Decline 19% MoM In October 2025

Amfi Monthly Data: Equity-oriented mutual funds attracted net inflows of Rs 24,690.33 crore in October 2025, as per monthly data released by the Association of Mutual Funds in India (Amfi) on November 11, 2025. This is also the 56th consecutive month of positive flows into equity funds. In September 2025, the inflows were Rs 30,421.69 crore. This represents a month-on-month (m-o-m) decline of 18.84 per cent.

Overall, the mutual fund industry saw net inflows of Rs 2,15,656.68 crore in October. In the previous month, the industry saw an outflow of Rs 43,146.32 crore.

The net assets under management (AUM) of the overall mutual fund industry by the end of the month increased to Rs 79.88 lakh crore. It was Rs 75.61 lakh crore in September 2025.

“Net inflow has decline due to lower number of new fund offers (NFOs), uncertainty over tariffs, and a general lack of performance in broad equities,” explained Sandeep Bagla, CEO, TRUST Mutual Fund.

“Investors would do well to remain invested in Indian equites as earnings are looking to pick up and global central banks are unlikely to reduce their balance sheets which should be positive for risky assets,” Bagla added.

SIP Inflows Hit New Record

Systematic investment plan (SIP) inflows touched a new record of Rs 29,529 crore in October, slightly higher than Rs 29,361 crore in September.

The number of contributing SIP accounts rose to 9.45 crore from 9.25 crore in the previous month. Overall, the total SIP accounts in the system increased to 9.88 crore from 9.73 crore, with about 60 lakh new accounts added and 45 lakh closed during the month.

The SIP stoppage ratio, which indicates the share of investors who paused or stopped their SIPs, eased to 75 per cent from 76.3 per cent in September.

Flexi-Cap Funds Attract Highest Inflows

In the equity category, flexi-cap funds attracted the highest inflows in October at Rs 8,928.71 crore, a 27 per cent rise m-o-m.

On the other hand, inflows into large-cap funds declined 58 per cent m-o-m to Rs 971.97 crore. Mid-cap and small-cap funds also saw lower inflows, declining 25.13 per cent to Rs 3,807.11 crore and 20.32 per cent to Rs 3,476.04 crore, respectively.

Multi-cap fund inflows also declined 29.75 per cent to Rs 2,500.43 crore. Inflows into sectoral and thematic category saw a 10.63 per cent increase to Rs 1,366.16 crore.

Meanwhile, dividend yield and ELSS schemes saw outflows of Rs 178.96 crore and Rs 665.66 crore, respectively.

Debt Funds Reverses Trend

Debt mutual funds recorded inflows of nearly Rs 1.60 lakh crore in October, reversing from two consecutive month of outflows. In September, the category witnessed outflows of Rs 1.02 lakh crore, and in August an outflow of Rs 7,979.84 crore.

Liquid funds led the category with inflows of Rs 89,375.12 crore, followed by overnight funds at Rs 24,050.57 crore and money market funds at Rs 17,916.44 crore. Ultra-short duration funds attracted Rs 15,066.64 crore, while low-duration and corporate bond funds saw inflows of Rs 7,516.57 crore and Rs 5,121.91 crore, respectively.

Inflows Into Gold ETFs Slow

Gold ETFs witnessed inflows of Rs 7,743.19 crore in October, a decline of 7.41 per cent from Rs 8,363.13 crore in September. Index funds, on the other hand, saw higher traction, attracting Rs 1,929.42 crore, up 22 per cent from Rs 1,580.65 crore in the previous month.

Inflows into other ETFs also slowed during the month, falling 24.16 per cent to Rs 6,181.7 crore.

Amfi October Data: MFs Raise Rs 6,062 Crore Through 18 NFOs

In October 2025, 18 new schemes were launched, all in the open-ended category, across various segments. These new offerings raised a total of Rs 6,062 crore.

Six equity-oriented funds launched in October raised Rs 4,173 crore, which included Rs 2,489 crore from four sectoral and thematic funds and Rs 1,684 crore from two flexi-cap funds.

In the debt category, The Wealth Company Liquid Fund was the only new launch, which raised Rs 1,439 crore. The Wealth Company also introduced an arbitrage fund in the hybrid segment, which mobilised Rs 255 crore.

The passive fund segment saw 10 new launches. In the category, two index funds and eight exchange traded funds (ETFs) collected a total of Rs 195 crore. The new ETFs included DSP Nifty500 FlexiCap Quality 30 ETF, Edelweiss Nifty 1D Rate Liquid ETF, Groww Nifty Realty ETF, Groww Nifty Small Cap 250 ETF, Kotak Nifty 200 Momentum 30 ETF, Motilal Oswal Nifty Energy ETF, Motilal Oswal Nifty 100 ETF, and Zerodha Nifty 50 ETF.

Among index funds, Tata Nifty Next 50 Index Fund and Zerodha Nifty 50 Index Fund were launched. Other equity fund offerings during the month included ICICI Prudential Conglomerate Fund, Invesco India Consumption Fund, Motilal Oswal Consumption Fund, and The Wealth Company Ethical Fund.