The inflow into equity mutual funds jumped 42 per cent last month to ₹19,957 crore against ₹14,091 crore as investors used the fall in market valuation to pump in more money.
Interestingly, all the equity schemes received net inflows with small cap fund attracting investment of ₹4,495 crore (₹2,678 crore) followed by thematic and multi-cap fund getting inflow of ₹3,896 crore (₹3,147 crore) and ₹2,911 crore (₹2,235 crore).
The mutual fund industry collected ₹3,638 crore through new fund offers last month against ₹7,795 crore in September, according to data released by the Association of Mutual Funds in India.
The inflows through systematic investment plan has hit a new high of ₹16,928 crore against ₹16,042 crore in September.
