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Mid-Cap Investment Schemes The Pick Of Mutual Funds In October
50% of total mutual funds inflows were in the mid-and small-cap investment schemes Fund inflows into equity mutual funds declined in October compared to September, but mid-cap and small-cap investment schemes can take comfort as they accounted for one-third of the capital inflows. Sectoral/thematic schemes also continue to garner inflows (29 percent of net inflows) and folio additions,” said Kislay Upadhyay, Smallcase Manager and Founder of FidelFolio Investments. Mutual fund (MF) folios crossed all-time high at 13,90,77,745 crores in October. According to AMFI data, there were 19,72,984 new SIPs registered in October. “Markets continue to react to the global factors and domestic rate hikes. Source - NDTV #mutualfunds
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