Inflows into Indian equity mutual funds dropped about five per cent to 38,440 crore rupees in April this year, as compared to 40,450 crore rupees in March. According to data released by the Association of Mutual Funds in India (AMFI), Systematic Investment Plan (SIP) contributions stood at 31,115 crore rupees last month, down about 3% from the record 32,087 crore rupees recorded in March.
However, Inflows into gold exchange-traded funds (ETFs) rose over 34 per cent to 3,040 crore rupees amid heightened geopolitical uncertainty surrounding tensions between the US and Iran. Among equity categories, flexi-cap funds attracted the most inflows of around 10,148 crore rupees. Mid-cap and small-cap funds also saw higher inflows at 6,551 crore rupees and 6,886 crore rupees, up from the figures reported in March. Meanwhile, the debt funds category witnessed sharp inflows of 2.47 lakh crore rupees in April, against outflows of 2.94 lakh crore rupees in the previous month, supported by strong participation in liquid and overnight fund categories.
The overall mutual fund industry saw net inflows of 3.22 lakh crore rupees last month, sharply reversing March’s net outflow of over 2.39 lakh crore rupees. The recovery was largely driven by debt schemes and improved flows across categories at the start of the new financial year. Meanwhile, the industry’s total assets under management rose to 81.92 lakh crore rupees last month.
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