Equity mutual fund inflows fall 14% to Rs 32,994 crore in October

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India's mutual fund industry recorded net inflows of Rs 1.74 lakh crore in October 2026, reversing the Rs 1.33 lakh crore outflows seen in September, according to the latest data released by the Association of Mutual Funds in India (AMFI).

The turnaround was largely driven by debt mutual funds, which attracted Rs 1.13 lakh crore in October after witnessing withdrawals of Rs 1.83 lakh crore in September. Equity mutual funds, however, saw net inflows decline nearly 14 percent month-on-month to Rs 32,994 crore from Rs 38,307 crore.

Equity inflows moderate

Equity mutual funds continued to attract investments in October, although net inflows declined to Rs 32,993.64 crore from Rs 38,306.55 crore in September, a fall of 13.9 percent.

Equity fund AUM also slipped to Rs 37.15 lakh crore from Rs 37.54 lakh crore in the previous month.

While equity schemes maintained positive net inflows, the decline in monthly collections suggests a moderation compared with September. A category-wise breakdown will provide a clearer picture of which equity segments attracted investments and which saw weaker flows. Debt funds drive the turnaround

Debt mutual funds recorded net inflows of Rs 1,13,437.89 crore in October, compared with net outflows of Rs 1,83,155.76 crore in September. This marked a sharp reversal in flows, with a month-on-month swing of nearly Rs 2.97 lakh crore.

Debt fund assets under management (AUM) also increased to Rs 18.81 lakh crore in October from Rs 17.64 lakh crore in September.

The recovery in debt fund flows was the biggest contributor to the industry's overall turnaround.

Hybrid funds return to positive territory

Hybrid mutual funds recorded net inflows of Rs 3,514.06 crore in October, reversing the Rs 456.68 crore net outflows reported in September.

Index funds also returned to positive territory, attracting Rs 3,090.51 crore after witnessing withdrawals of Rs 3,614.03 crore in September.

Exchange-traded funds (ETFs), meanwhile, recorded net inflows of Rs 20,303.98 crore, up nearly 31 percent from Rs 15,501.40 crore in September.

However, gold ETF inflows moderated to Rs 3,474.03 crore from Rs 4,450.61 crore in September, a decline of nearly 22 percent.

Overseas mutual funds continued to witness net outflows, which widened to Rs 370.11 crore in October from Rs 159.18 crore in September.

October mutual fund flows at a glance

Source: AMFI. Negative figures indicate net outflows. Gold ETFs are included within the broader ETF category and should not be added separately to the total.

The October numbers show a sharp recovery in overall mutual fund flows, led by debt schemes, even as equity inflows slowed and gold ETF collections declined from September's levels.