Equity MF investments drop 14% to ₹33,000 crore on market volatility ...Middle East

Equity mutual fund investments witnessed a nearly 14 per cent fall to Rs 32,994 crore in October as compared with September's Rs 38,306 crore inflow, industry body Amfi said on Wednesday. This is the 60th consecutive month of net inflows into the equity category. The overall assets under management across equity schemes stood at Rs 37.14 lakh crore as on October 31, it said, adding that the fall in the numbers was due to market correction. Equity inflows had jumped by over 31 per cent in September as compared to August despite market volatility. October also saw a marginal decline in the amount of money flowing in from the retail investors' favourite Systematic Investment Plans (SIPs) to Rs 32,160 crore from September's Rs 32,490 crore. The number of contributing SIP accounts declined to 10 crore in October from 10.06 crore in September. Association of Mutual Funds of India (Amfi) chief executive Venkat Chalasani said that the market volatilities may have had an impact on the flo

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