Nifty Capital Markets index rose 1.4% on October 12 amid inflows into equity mutual funds hit a five-month high of Rs 38,307 crore in September, driven by record monthly investments despite a market selloff and sustained foreign selling.
Equity funds have drawn net inflows for a record 67 straight months, with domestic investments increasingly cushioning Indian stocks against global volatility.
Overall inflows rose 31% from August, data from the Association of Mutual Funds in India showed on October 12.
Mid- and small-cap funds attracted record inflows of Rs 7,845 crore and Rs 9,039 crore, up 12% and 13%, respectively.
Contributions through systematic investment plans (SIPs), popular among retail investors, rose 0.6% to a record Rs 32,490 crore, helping offset foreign portfolio outflows of $3.75 billion in September.