Equity Mutual Fund Inflows Fall 14% to ₹32,994 Crore in October 2026

Key Takeaways

• Equity-oriented mutual fund schemes recorded net inflows of ₹32,993.64 crore in October 2026, down approximately 13.9% from September.
• Equity mutual fund assets declined to approximately ₹37.15 lakh crore despite positive net investments during the month.
• Total mutual fund industry assets reached ₹83.39 lakh crore at the end of October, supported by positive overall fund flows.

Equity Mutual Fund Inflows Moderate in October

Net investments into equity-oriented mutual fund schemes declined in October 2026, following an increase in inflows during September.

Data released by the Association of Mutual Funds in India (AMFI) on 11 November showed that equity mutual funds received net inflows of ₹32,993.64 crore during October.

This compared with ₹38,306.55 crore in September, representing a month-on-month decline of ₹5,312.91 crore, or approximately 13.9%.

Although inflows moderated, equity schemes continued to receive more investments than redemptions during the month.

October represented the 68th consecutive month of positive net inflows into equity mutual funds.

Equity Fund Assets Decline Despite Inflows

Assets under management for equity-oriented schemes declined from approximately ₹37.54 lakh crore in September to ₹37.15 lakh crore in October.

The reduction occurred despite the category receiving positive net investments.

Mutual fund assets are affected by both investor transactions and changes in the market value of securities held in scheme portfolios.

Consequently, positive net inflows do not necessarily translate into higher assets under management.

AMFI attributed the decline in equity fund assets to adverse mark-to-market movements during October.

Industry AUM Reaches ₹83.39 Lakh Crore

The broader mutual fund industry recorded an increase in total assets under management during the same period.

Industry AUM stood at approximately ₹83.39 lakh crore on 31 October 2026, compared with ₹82.64 lakh crore at the end of September.

The overall industry recorded net inflows of approximately ₹1.74 lakh crore during October, reversing the net outflows reported in September.

Debt-oriented schemes contributed heavily to the change in overall industry flows.

The difference between positive industry flows and lower equity assets reflects the varied investment patterns and valuation changes across mutual fund categories.

Category-Level Differences Remain Visible

The aggregate equity inflow figure conceals differences between individual fund categories.

Large- and mid-cap funds registered higher inflows during October, while small-cap, mid-cap and flexi-cap categories received lower net investments than in September.

The data indicates that equity mutual fund participation continued during October, although the pace and distribution of fresh investments changed.

AMFI's monthly statistics provide a category-wide measure of net investments rather than a direct indication of future returns or market performance.