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MF investors buy small, midcaps in Oct; SIP flows near 17K cr
Mint Mumbai
|November 10, 2023
Mutual fund investors continued to flock to small and midcaps, buying the dip in the broader markets last month and apportioning a small part to large caps for the first time since April.
Systematic investment plan (SIP) flows hit a record high of ₹16,927.86 crore in October, up 5.5% from the previous month, data from the Association of Mutual Funds in India (AMFI) showed.
Small-cap funds witnessed net inflows of ₹4,495.13 crore in October, up 67.8% from a month ago and mid-cap funds attracted net investment of ₹2,408.9 crore, up from ₹2,000.88 crore in September. At ₹723.81 crore large cap funds witnessed inflows for the first time since April.
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