Equity schemes recorded a net inflow of Rs 19,957 crore, data released by industry trade body Amfi showed.Among equity schemes,small cap funds saw net inflow of nearly Rs 4,500 crore the corresponding number for thematic funds was almost Rs 3,900 crore. In October, gross flows through SIPs were at Rs 16,928 crore, while net addition of SIP accounts was a little over 17 lakh, both all-time high figures, the data showed. The positive trend was visible in the debt market too. Despite rising yields, debt funds raked in Rs 42,634 crore.
According to Amfi CEO N S Venkatesh, despite peaking interest rates, there was a notable surge in money market investments in October. “The large-cap category has also witnessed a noteworthy resurgence, reflecting broader market recovery,” Venkatesh, whose term ends soon, said.