Mutual Funds industry up 8% in October

GODLSAVINGFUND

After collecting good inflows of Rs. 1,401 crore in September, equity funds mopped up just Rs. 181 crore in October. Similarly, inflows in Gold ETFs halved in the month of October compared to September. In September, gold ETFs mopped up Rs. 988 crore and in October they managed to collect Rs. 455 crore.

Also Read: SIPs investment plans deliver double market returns

The industry’s AUM increased 8% from Rs. 6.41 lakh crore in September to Rs. 6.95 lakh crore in October.

Among the NFOs floated in October, DSP BlackRock World Agriculture Fund collected Rs. 48 crore while IIFL Nifty ETF and Indiabulls Liquid Fund garnered Rs. 34 crore and Rs. 1,107 crore respectively. All in all, 51 NFOs including close end and open end income schemes garnered Rs. 7,033 crore.

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