AMFI October 2026 data: 8 key takeaways on equity MF inflows, debt funds, gold and silver ETFs

Every month, AMFI's mutual fund data offers a snapshot of where investors are putting their money. October 2026 brought some interesting shifts. While equity mutual fund inflows slowed compared with September, debt funds saw a sharp turnaround, attracting significant investments. Gold and silver ETFs also continued to draw investor interest, although their inflows moved in different directions.

The latest data also shows how different mutual fund categories performed during the month and where investors increased or reduced their exposure.

“October saw healthy participation in mutual funds, with equity inflows remaining close to ₹33,000 crore despite moderating from September. SIP contributions also remained strong at ₹32,160 crore, while rising folios point to wider investor participation. Within equities, improved inflows into large-cap funds suggest investors are looking to balance their exposure across market capitalisations. Small- and mid-cap funds also continued to attract investments, reflecting confidence in India's long-term growth prospects. While gold ETF inflows moderated, silver ETFs saw increased participation. Continued interest in index funds and ETFs also highlights the growing preference for low-cost passive investing,” said Saugata Chatterjee President & Deputy CEO, Nippon India Mutual Fund.

1. Mutual fund industry returns to net inflows

The turnaround was largely supported by debt schemes, which saw a significant reversal in investor flows.

2. Equity mutual fund inflows fall 14%

Equity mutual funds attracted ₹32,993.64 crore in October, down from ₹38,306.55 crore in September.

The decline came after equity inflows had increased nearly 31% in September.

3. Small-cap and mid-cap funds see lower inflows

Small-cap funds attracted ₹6,407.50 crore in October, down from ₹9,038.57 crore in September.

Mid-cap fund inflows fell to ₹4,892.62 crore from ₹7,834.84 crore.

4. Large-and-mid-cap funds emerge as the biggest equity category

Large-and-mid-cap funds attracted ₹8,484.23 crore in October, almost double the ₹4,271.22 crore received in September.

Large-cap funds also recorded higher inflows of ₹1,032.39 crore, compared with ₹859.47 crore in the previous month.

This made large-and-mid-cap funds the largest recipients of fresh investments among equity fund categories in October.

5. Debt funds record a sharp turnaround

Debt mutual funds recorded net inflows of ₹1,13,437.89 crore in October, compared with net outflows of ₹1,83,155.76 crore in September.

Liquid funds attracted ₹70,533.75 crore, while overnight funds received ₹54,893.05 crore.

However, corporate bond funds recorded net outflows of ₹3,142.93 crore, indicating that flows varied across debt categories.

6. Gold ETF inflows fall, silver ETFs gain

Gold ETFs attracted ₹3,474.03 crore in October, down around 22% from ₹4,450.61 crore in September.

In contrast, silver ETFs recorded inflows of ₹3,092.22 crore, rising around 56% from ₹1,974.32 crore in the previous month.

Equity ETFs also attracted substantial investments, recording net inflows of ₹12,973.78 crore.

7. Hybrid and index funds return to positive territory

Hybrid mutual funds recorded net inflows of ₹3,514.06 crore in October, reversing the net outflows of ₹456.68 crore in September.

Index funds also saw a turnaround, attracting ₹3,090.51 crore after recording net outflows of ₹3,614.03 crore in the previous month.

Multi-asset allocation funds contributed ₹1,514.66 crore to hybrid fund inflows during October.

8. Mutual fund industry's AUM rises to ₹83.39 lakh crore

The mutual fund industry's total assets under management (AUM) stood at ₹83.39 lakh crore as of October 31, 2026, compared with ₹82.64 lakh crore at the end of September.

Overall, October's AMFI data shows a recovery in industry-wide net flows. However, the moderation in equity inflows, particularly in small-cap and mid-cap categories, marked a shift from September's stronger investment trend.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Investors should do their own research or consult a registered financial advisor before making investment decisions.