Equity Mutual Fund Inflows Fall 14% in October 2026; SIP Contributions Decline: AMFI

Equity mutual fund inflows fell nearly 14% to ₹32,993.64 crore in October 2026 from ₹38,306.55 crore in September, according to monthly data released by the Association of Mutual Funds in India (AMFI) on Wednesday, November 11. Systematic investment plan (SIP) contributions also declined to ₹32,160 crore from ₹32,490 crore in the previous month.

The decline came as investors put less money into small-cap, mid-cap and flexi-cap mutual funds. Large-cap funds, however, recorded higher inflows, while large-and-mid-cap schemes attracted nearly twice the investment received in September.

Despite lower equity inflows, the mutual fund industry recorded net inflows of ₹1.74 lakh crore in October, reversing net outflows of ₹1.33 lakh crore in September. The recovery was mainly driven by debt mutual funds, which received ₹1.13 lakh crore during the month.

The industry’s net assets under management (AUM) increased to ₹83.38 lakh crore at the end of October from ₹82.64 lakh crore in September.

SIP Contributions Decline in October 2026

Monthly SIP contributions fell by ₹330 crore, or about 1%, to ₹32,160 crore in October from September’s record ₹32,490 crore.

However, contributions remained higher than the ₹29,529 crore recorded in October 2025, representing an increase of nearly 9% from a year earlier.

Equity mutual funds continued to receive net investments during October, although inflows were ₹5,313 crore lower than in September.

Small-cap mutual fund inflows declined 29.1% to ₹6,407.50 crore from ₹9,038.57 crore. Mid-cap fund inflows fell 37.5% to ₹4,892.62 crore from ₹7,834.84 crore.

Flexi-cap schemes received ₹4,979.95 crore, compared with ₹6,701.80 crore in September, a decline of 25.7%.

Large-cap funds moved in the opposite direction. Net inflows increased 20.1% to ₹1,032.39 crore from ₹859.47 crore in September.

Large-and-mid-cap funds attracted ₹8,484.23 crore, up from ₹4,271.22 crore in the previous month. This was the highest net inflow among the equity fund categories.

Equity mutual fund AUM declined to ₹37.15 lakh crore from ₹37.54 lakh crore in September, despite the category receiving fresh investments.

During October, the Nifty 50 gained 1.9% and the Sensex rose 2.7%, while the broader small-cap and mid-cap indices declined 4.1% and 3.4%, respectively.

Debt Mutual Funds Record ₹1.13 Lakh Crore Inflows

Debt mutual funds received net inflows of ₹1,13,437.89 crore in October, compared with withdrawals of ₹1,83,155.76 crore in September.

Liquid funds attracted ₹70,533.75 crore, reversing outflows of ₹95,743.20 crore in the previous month. Overnight funds received ₹54,893.05 crore after recording withdrawals of ₹7,281.20 crore in September.

Hybrid mutual funds also returned to positive territory, receiving ₹3,514.06 crore against outflows of ₹456.68 crore in September.

Index funds recorded inflows of ₹3,090.51 crore, compared with withdrawals of ₹3,614.03 crore in the previous month.

Overall exchange-traded fund (ETF) inflows increased to ₹20,303.98 crore from ₹15,501.40 crore in September.

Gold ETF inflows, however, declined nearly 22% to ₹3,474.03 crore, while silver ETF inflows rose about 57% to ₹3,092.22 crore.

The AMFI figures show that although investments in several equity fund categories slowed during October, debt funds and selected equity categories continued to attract fresh money.

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