Indian mutual funds recorded net inflows of ₹1,73,828.98 crore in October 2026, reversing September’s net outflow of ₹1,33,375.57 crore, according to the latest monthly report from the Association of Mutual Funds in India (AMFI). The turnaround was led mainly by debt schemes: their open-ended segment moved from a ₹1,83,155.76 crore outflow in September to a ₹1,13,437.89 crore inflow in October.
At the same time, equity-scheme inflows and monthly SIP collections eased from September. The figures show a sharp month-to-month change in fund flows, but they do not represent investment returns or a uniform rise in investor demand across categories.
Open-ended debt funds recorded net inflows of ₹1.13 lakh crore after the large September outflow. Within October’s debt flows, liquid funds drew ₹70,533.75 crore and overnight funds ₹54,893.05 crore. These two categories together exceeded the debt-segment net total because several other debt categories saw net withdrawals.
Such short-duration categories can see substantial month-to-month movement as institutions and companies place or withdraw treasury balances. The reversal is therefore a flow statistic for one month, not evidence by itself of a lasting shift in household investment preferences.
Equity inflows remained positive but moderated
Open-ended equity schemes attracted ₹32,993.64 crore in October, about 13.9% less than in September. Category flows were mixed: large-cap funds received ₹1,032.39 crore, up from ₹859.47 crore, while mid-cap inflows fell to ₹4,892.62 crore from ₹7,834.84 crore and small-cap inflows eased to ₹6,407.50 crore from ₹9,038.57 crore. Large-and-mid-cap funds recorded ₹8,484.23 crore, compared with ₹4,271.22 crore in September.
These are net subscriptions and redemptions, not measures of scheme performance. The category figures also do not include index funds and exchange-traded funds, which AMFI reports separately.
Exchange-traded funds added ₹20,293 crore
AMFI’s October report records ₹20,293.05 crore in net inflows across exchange-traded funds. Equity ETFs accounted for ₹12,973.78 crore, followed by gold ETFs at ₹3,474.03 crore and silver ETFs at ₹3,092.22 crore. AMFI reports these flows separately from the ₹32,993.64 crore recorded by open-ended equity schemes. AMFI October 2026 category data
SIP collections dipped slightly; account counts need context
AMFI reported ₹32,160 crore in SIP contributions for October, down from ₹32,490 crore in September. It also recorded 50.68 lakh new SIP registrations and 59.12 lakh SIPs discontinued or reaching the end of their tenure. AMFI’s footnote says the discontinued count includes SIPs treated as ceased after consecutive failed instalments under the applicable criteria; it should not be read as a count of investors deliberately cancelling in that month.
Assets rose at month-end, while average AUM fell
Industry month-end AUM increased about 0.9% to ₹83.39 lakh crore on 31 October. However, average net AUM for October was ₹85.18 lakh crore, below September’s ₹87.09 lakh crore. Month-end AUM is a point-in-time measure; average AUM covers the month. Both can reflect market valuations as well as investor flows, so neither should be treated as a direct measure of net subscriptions alone.
What the data does—and does not—show
October’s report combines a strong reversal in debt-fund flows with slower equity and SIP contributions. The contrast across categories matters: the headline industry inflow does not mean all fund types attracted more money, and a single month’s flow data cannot establish a longer-term trend. AMFI publishes the monthly figures as industry statistics; they are not a forecast of future flows or returns.
This article is for news and general information purposes only. It is not investment advice or a recommendation to buy, sell or hold any mutual fund scheme. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.
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