Equity mutual fund inflows fell 19% month-on-month to ₹11,000 crore in October 2025, according to AMFI data. Flexi-cap and thematic funds accounted for the largest share of investments, while small-cap inflows moderated after a strong September. Industry experts attribute the decline to profit booking and festive season cash flow adjustments. Despite the slowdown, systematic investment plans (SIPs) remained steady, reflecting resilient retail participation. The total mutual fund industry assets under management (AUM) stood near ₹75.5 lakh crore, supported by healthy contributions from equity and hybrid categories.