Mutual Funds SIP flow climbs 42% to Rs7,985 crore in October
Live MintNew Delhi: Retail investors have continued to remain buoyant with SIP flows in mutual funds reaching to Rs7,985 crore in October, a surge of 42% from the year-ago level, despite stock market volatility on the back of rupee depreciation and rising crude oil prices. With this, total funds garnered through SIPs have reached to Rs52,472 crore in the current fiscal so far, according to the data available with Association of Mutual Funds in India. As per the latest data, SIP contribution in October this year was Rs7,985 crore, much higher than Rs5,621 crore seen in October last year, indicating a growth of 42%. Besides, net inflows into equity mutual funds increased to Rs14,783 crore in October as compared to Rs11,251 crore in the preceding month.