Global Health, DCX Systems, Tracxn Tech among 9 new stocks added by mutual funds in Oct
- As per AMFI's data, inflows in equity-oriented schemes came in at ₹9,390.35 crore in October 2022, although lower than the previous month's level where the inflow was around ₹14,099.73 crore. Thematic funds, midcap, and smallcap funds witnessed massive inflows.
Investors' appetite for equity mutual funds maintained a consistent rise throughout this fiscal year. And October's performance was no different with an inflow of ₹9,390.35 crore in equity-oriented schemes in the month, outperforming other mutual fund schemes. The contributions in the Systematic Investment Plan (SIP) reached an all-time high and crossed over ₹13,000 crore in October. Mutual funds showed interest in nine new stocks during the month, of which, three were new IPOs.
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