Mutual Fund Inflows Rebound to ₹1.74 Lakh Crore in October as Equity Flows Fall 14%

Key Takeaways

• India's mutual fund industry recorded net inflows of ₹1.74 lakh crore in October 2026, reversing the ₹1.33 lakh crore outflow seen in September.
• Equity mutual funds received ₹32,993.64 crore, down nearly 14% month-on-month, while debt schemes attracted ₹1.13 lakh crore.
• SIP contributions moderated to ₹32,160 crore, while month-end mutual fund industry assets stood at ₹83.39 lakh crore.

India's mutual fund industry returned to net inflows in October 2026, with debt schemes accounting for most of the turnaround even as equity fund collections moderated.

Overall net inflows stood at ₹1,74,218.73 crore during October, compared with a net outflow of ₹1,33,214.25 crore in September, according to data released by the Association of Mutual Funds in India (AMFI). Debt schemes received ₹1,13,437.89 crore after registering withdrawals of ₹1,83,155.76 crore in the previous month.

Equity-oriented schemes continued to receive net investments, but the pace slowed. Inflows declined to ₹32,993.64 crore from ₹38,306.55 crore in September, a fall of about 13.9%. Large- and mid-cap funds led equity categories with ₹8,484.23 crore, almost double September's ₹4,271.22 crore.

Small-cap schemes received ₹6,407.50 crore, down from ₹9,038.57 crore, while mid-cap funds attracted ₹4,892.62 crore. Flexi-cap funds received ₹4,979.95 crore. Equity schemes nevertheless extended their run of positive monthly flows to 68 months.

SIP contributions dipped to ₹32,160 crore from September's ₹32,490 crore. The figure was still 8.9% higher than the ₹29,529 crore collected in October 2025. AMFI data showed 999.87 lakh SIP accounts contributed during the month, while SIP assets stood at ₹17.68 lakh crore.

Hybrid funds also returned to positive territory with ₹3,514.06 crore of inflows, while index funds attracted ₹3,090.51 crore. ETFs received ₹20,303.98 crore.

At the end of October, the industry's assets under management stood at ₹83.39 lakh crore, compared with ₹82.64 lakh crore in September. The number of mutual fund folios reached 28.78 crore.

The October numbers therefore show two simultaneous trends: overall mutual fund flows recovered sharply because of debt schemes, while equity and SIP investments remained positive but moderated from September levels.