Inflows into equity mutual funds decline 14.4% to Rs 25,082 crore in March: AMFI data | Business News

In March, inflows through systematic investment plan (SIP) stood at Rs 25,926 crore compared to Rs 25,999 crore in February 2024.

Net assets under management (AUM) of the mutual fund industry increased by 2 per cent to Rs 65.74 lakh crore in the reporting month compared to Rs 64.53 lakh crore in February.

Within equity mutual fund schemes, inflows into small cap funds stood at Rs 4,092.12 crore in March, compared to Rs 3,722.46 crore in February. Flows into mid cap funds was Rs 3,438.87 crore as against Rs 3,406.95 crore in the previous month.

Large cap funds witnessed inflows of Rs 2,479.31 crore compared to Rs 2,866 crore in February.

Inflows into sectoral/thematic declined 97 per cent to Rs 170.09 crore in March from Rs 5,711.58 crore in the previous month. Flexi cap mutual funds witnessed inflows of Rs 5,615 crore, as against flows of Rs 5,104.22 crore last month.

Debt mutual fund schemes saw outflows of Rs 2.02 lakh crore in March as against outflows of Rs 6,525.56 crore in February. Higher outflows can be attributed to the higher redemption pressure from corporates due to the quarterly payments for advance tax. Liquid funds saw highest outflows of Rs 1.33 lakh crore.

During the reporting month, outflows from the money market funds were Rs 21,301.14 crore and from overnight funds were Rs 30,015.8 crore.

Net outflows from the hybrid mutual fund schemes stood at Rs 946.56 crore in March compared to inflows of Rs 6,803.85 crore.

Despite gold prices touching record high, the gold exchange traded fund (ETF) scheme saw outflows of Rs 77.21 crore, compared to inflows of Rs 1,979.84 crore.