Active Stocks
Mon Apr 15 2024 14:34:05
  1. Tata Steel share price
  2. 161.20 -1.41%
  1. ITC share price
  2. 426.80 -0.77%
  1. Wipro share price
  2. 459.80 -2.36%
  1. Infosys share price
  2. 1,466.55 -1.25%
  1. State Bank Of India share price
  2. 759.70 -0.92%
Business News/ Mutual Funds / News/  Mutual funds market throws a mixed bag in October
BackBack

Mutual funds market throws a mixed bag in October

Net inflows into equity mutual funds dipped in Oct, the latest data from the AMFI released last week showed. The subdued sentiment could be gauged also in new registrations of SIP accounts, which fell around 17% sequentially during the month

Photo: iStockPremium
Photo: iStock

The markets have turned volatile in recent months amidst a challenging global environment and the tightening of monetary policy. As a result, retail investors have turned cautious. Net inflows into equity mutual funds dipped in October, the latest data from the Association of Mutual Funds in India released last week showed. The subdued sentiment could be gauged also in new registrations of systematic investment plans (SIP) accounts, which fell around 17% sequentially during the month. However, optimism is still there as monthly contributions into SIPs rose for the third month in a row to 13,040.6 crore in October. Meanwhile, data for new folio additions and net inflows suggest a growing risk appetite among investors with a clear shift towards the mid- and small-cap schemes. More on what the latest data shows:

Mutual funds market throws a mixed bag in October
View Full Image
Mutual funds market throws a mixed bag in October

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Niti Kiran
Niti Kiran is a Senior Assistant Editor at Mint with over 10 years of experience in corporate and market research. She has an eye for detail and enjoys digging deep into data to cull interesting trends. Data research is Niti's forte and constantly fascinates her.
Catch all the Mutual Fund news and updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 13 Nov 2022, 11:05 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App