Summary of this article
Equity mutual fund inflows fell 13.87 per cent to Rs 32,994 crore
SIP contributions remained above Rs 32,000 crore for the month
Debt funds and ETFs recorded strong net inflows in October
Amfi Data October 2026: Equity mutual fund inflows came in at Rs 32,993.64 crore in October 2026, nearly Rs 5,313 crore, or 13.87 per cent, lower than the Rs 38,306.55 crore inflows in September, according to data released by the Association of Mutual Funds in India (Amfi).
The decline in inflows came as the stock market faced pressure in October as foreign institutional investors (FIIs) continued to sell Indian equities. The outflows came amid a global rally in artificial intelligence (AI)-linked stocks, rising US Treasury yields and a weakening rupee. In the month, FIIs withdrew equities worth Rs 34,843 crore.
Small-cap, mid-cap and flexi-cap funds saw lower net inflows in October than in September. Large and mid-cap funds, however, attracted higher investments, while large-cap funds also recorded an increase in net inflows.
Overall, the mutual fund industry saw net inflows of Rs 1.73 lakh crore in October, reversing net outflows of Rs 1.33 lakh crore recorded in September.
The mutual fund industry's net assets under management (AUM) rose to Rs 83.38 lakh crore in October, from Rs 82.64 lakh crore in September.
SIP Inflows At Rs 32,160 Crore
Inflows through systematic investment plans (SIPs) fell marginally by over 1 per cent m-o-m to Rs 32,160 crore in October, as against Rs 32,490 crore in the previous month. Despite the decline, monthly SIP contributions remained above Rs 32,000 crore, indicating that investor contributions through the route continued at a steady pace.
On a year-on-year basis, SIP inflows grew 8.91 per cent from Rs 29,529 crore in October 2025.
Large and Mid-cap Funds Lead Inflows
Large and mid-cap funds emerged as the biggest contributors to equity mutual fund inflows in October. The category attracted Rs 8,484.23 crore, nearly double the Rs 4,271.22 crore recorded in September.
Small-cap funds received Rs 6,407.50 crore in October, down from Rs 9,038.57 crore in September. Mid-cap fund inflows also declined to Rs 4,892.62 crore from Rs 7,834.84 crore in the previous month.
Flexi-cap funds attracted Rs 4,979.95 crore, compared with Rs 6,701.80 crore in September. Multi-cap funds saw net inflows fall to Rs 2,977.86 crore from Rs 3,859.55 crore.
Large-cap funds were among the few categories to record an increase in inflows. Investments in these schemes rose to Rs 1,032.39 crore in October from Rs 859.47 crore in September.
Value, Thematic and Sectoral Funds See Lower Inflows
Value funds attracted Rs 556.22 crore in October, against Rs 1,290.89 crore in September. Sectoral funds recorded net inflows of Rs 551.59 crore, down from Rs 1,840.02 crore in the previous month.
Thematic funds received Rs 1,162.48 crore, compared with Rs 1,800.07 crore in September. Focused funds also saw inflows decline to Rs 925.35 crore from Rs 1,390.84 crore.
Contra funds recorded an improvement, moving from net outflows of Rs 97.88 crore in September to net inflows of Rs 1,694.13 crore in October.
Dividend yield funds, however, saw investors withdraw Rs 92.82 crore during October, against net inflows of Rs 179.31 crore in September.
Equity-linked savings schemes (ELSS) continued to witness net outflows, although the withdrawals moderated to Rs 577.88 crore from Rs 662.14 crore in September.
Hybrid Funds Return To Positive Territory
Hybrid mutual fund schemes recorded net inflows of Rs 3,514.06 crore in October, compared with net outflows of Rs 456.68 crore in September.
Multi-asset allocation funds attracted Rs 1,514.66 crore, down from Rs 3,666.98 crore in September. Aggressive hybrid funds received Rs 354.77 crore, against Rs 1,863.54 crore in the previous month.
Arbitrage funds recorded net inflows of Rs 3,928.89 crore in October, reversing net outflows of Rs 3,956.38 crore in September.
Balanced advantage funds continued to witness outflows, with investors withdrawing Rs 852.70 crore in October, compared with Rs 912.43 crore in September. Equity savings funds also saw net outflows of Rs 1,132.75 crore, against Rs 1,227.86 crore in September.
Index Funds and ETFs Attract Higher Investments
Index funds recorded net inflows of Rs 3,090.51 crore in October, compared with net outflows of Rs 3,614.03 crore in September.
Equity index funds received Rs 1,947.81 crore, lower than the Rs 2,649.34 crore recorded in September. Debt index funds attracted Rs 1,134.42 crore, reversing net outflows of Rs 6,257.82 crore in the previous month.
Exchange-traded funds (ETFs) attracted net inflows of Rs 20,303.98 crore in October, up from Rs 15,501.40 crore in September.
Equity ETFs accounted for Rs 12,973.78 crore of the October inflows, compared with Rs 9,959.96 crore in September. Gold ETFs received Rs 3,474.03 crore, down from Rs 4,450.61 crore.
Silver ETFs attracted Rs 3,092.22 crore, against Rs 1,974.32 crore in September. Debt ETFs also moved into positive territory, recording net inflows of Rs 751.11 crore compared with net outflows of Rs 883.94 crore in the previous month.
Gold ETFs attracted net inflows of Rs 3,474 crore in October, lower than the Rs 4,451 crore recorded in September. The inflows stayed positive even as mutual funds stopped fresh subscriptions in Gold ETF fund-of-funds (FoFs) during mid month.
Debt Funds See A Turnaround
Open-ended debt mutual fund schemes recorded net inflows of Rs 1,13,437.89 crore in October, reversing net outflows of Rs 1,83,155.76 crore in September.
Liquid funds attracted Rs 70,533.75 crore, while overnight funds received Rs 54,893.05 crore during October. Money market funds recorded net inflows of Rs 1,501.94 crore.
However, corporate bond funds witnessed net outflows of Rs 3,142.93 crore. Ultra-short-duration funds saw withdrawals of Rs 1,879 crore, while short-term funds recorded net outflows of Rs 2,093 crore.
Banking and PSU debt funds saw investors withdraw Rs 1,238 crore during the month.
Other Mutual Fund Categories
Solution-oriented schemes recorded net inflows of Rs 304.94 crore in October, lower than Rs 373.90 crore in September. Retirement funds attracted Rs 31.40 crore, while children's funds received Rs 273.54 crore.
Life cycle funds saw net inflows decline to Rs 96.36 crore from Rs 143.75 crore in September. Overseas fund of funds continued to witness net outflows, which increased to Rs 370.11 crore from Rs 159.18 crore in the previous month.
Amfi Data: 28 NFOs Raised Rs 3,829 Crore In October
Mutual fund houses launched 28 new fund offers (NFOs) in October 2026, raising a total of Rs 3,829 crore, according to Amfi data. Of these, 23 open-ended schemes mobilised Rs 2,620 crore, while two close-ended schemes, both fixed maturity plans, raised Rs 1,064 crore. Three domestic FoFs collected another Rs 145 crore. Debt schemes accounted for Rs 693 crore of the collections.
Equity saw only one NFO, a contra fund, but it raised Rs 1,488 crore, making it the largest open-ended launch of the month. Index funds accounted for 11 launches and raised Rs 261 crore, while seven ETFs mobilised Rs 65 crore.
