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Retail monthly flows into equity-oriented mutual funds (SIPs). While liquid funds flow to the backdrop of the previous month, income funds continue to witness outflows on the higher interest rates and fears of the crisis.
Net inflows increased by Rs 35,500 crore to take the total badet under management to Rs 22.24 lakh crore.
Equity funds saw inflows of Rs 12,622 crore, the highest in the financial year, topping May's inflow of Rs 11,350 crore. Investors pumped in Rs 7,985 crore through SIPs in equity funds, an all-time monthly high. This was Rs 258 crore more than September's Rs 7.727 crore, despite the sharp correction in the equity markets with the Nifty touching the lowest point of 10.005 of this calendar year.