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SIP inflows hit all-time high in October
Business
SIP inflows in India just hit an all-time high of ₹29,529 crore in October, according to AMFI.
That's a small bump up from September and shows that more people are sticking with regular investments—even though equity mutual fund inflows actually dropped 19% last month to ₹24,671 crore.
Retail investor confidence remains strong
Industry experts say the steady SIP numbers reflect strong retail investor confidence, helped by easy digital investing options.
Meanwhile, big IPOs recently soaked up some market money, which may explain the dip in equity fund inflows.
The mutual fund industry's total assets still grew to nearly ₹80 lakh crore, showing that investors aren't backing away just yet.