Inflows into equity MFs in Oct lowest since June

LARGE-CAPS WORST HIT

- ANANYA GROVER

INFLOWS INTO EQUITY schemes in October hit the lowest level since June even as the benchmark equity indices rose nearly 5% during the month.However, the contribution of systematic investment plans (SIPs) continued to swell and hit an all-time high of %29,529.27 crore with contributions from 94.52 million accounts.

Overall, inflows into equity schemes recorded a four-month low of 24,690 crore, down 19% from September. The worst hit was the large cap category, which fell the most month-on-month by 58%, multi-cap fell nearly 30%, while midcap and small cap saw a month-on-month decline of 25% and 20%, respectively. Sectoral and thematic schemes sawa 12% rise in inflows to 1,399 crore. Redemption in equity schemes was the highest since July at %38,920.83 crore.