The Hindu Business Line : Mutual funds see fresh inflows of Rs 15,276 cr in Oct

According to data released by the Association of Mutual Funds in India (AMFI), most of the categories have recorded net inflows. Liquid and money market category have bounced back with inflows at Rs 6,332 crore after seeing huge redemptions at Rs 28,653 crore last month. Income funds were also boosted by net inflows of Rs 7,519 crore against Rs 4,459 crore last month.

"Mutual funds followed mark to market movements, and the fund values were based on the current market values. Also, inflows were seen this month, but they were not huge, most inflows were through new fund offers," said Mr A. Balasubramanian, Chief Investment Officer, Birla Sun Life Mutual Fund.

Inflows of Rs 1,367 crore were witnessed in equity/growth funds, while gilt funds and balanced funds saw an outflow of Rs 7 crore and Rs 41 crore, respectively.

"However, the industry will not see more redemptions as markets and investors are getting matured," said Mr Balasubramanian.

More inflows

He added that more inflows should be seen in mid-cap, multi-cap and balanced funds in the coming months.

The total industry asset base grew by 6.48 per cent for October to Rs 3,09,829.86 crore. The month saw the launch of 25 new schemes, 22 in the income category and three in the growth category.

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