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MF monthly flows data: scaling new highs

ICICIdirect Research 14 Nov 2024 DISCLAIMER

Highest ever inflows in October at Rs 42000 crore Vs Rs 34400 crore in September. Ex-NFOs, inflows were at Rs 38000 crore Vs Rs 24500 crore. NFOs were lower at Rs 4000 crore Vs Rs 9900 crore in September. Around 6% decline in the month of October have led to higher inflows.

Sectoral Funds continue to witness higher inflows on the back of continuous NFOs. However, even ex-NFOs flows, the run-rate remain around 8000-10000 crore. In October, ex-NFOs, flows were at Rs 8700 crore Vs Rs 5400 crore.

Largecap saw 2x inflows at Rs 3500 crore Vs Rs 1750 crore. Midcap funds saw higher inflows at Rs 4700 cr Vs Rs 3100 cr, Smallcap funds also saw higher inflows at Rs 3700 cr Vs Rs 3100 crore. Large and Midcap category also witness higher inflows (ex-NFOs) at Rs 4700 Vs 2900 cr.  
SIP number continue to rise at Rs 25323 Vs Rs 24509 crore. SIP inflows are rising every month at a run-rate of Rs 700-800 crore.

Both gross inflows were higher while redemption was lower in October:
ETFs inflows were significantly higher at Rs 13400 crore Vs Rs 400 crore (EPFO money likely).  
Retail Debt funds category witnessing inflows in last 4 months. Institutional category like liquid funds and money market funds saw higher inflows.

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