Equity Fund Inflows Decline 5% from March to ₹38,440 Crore in April: SIP Contributions Remain Steady
Mutual Fund Inflows Moderate Amid Sectoral Slowdown
The Association of Mutual Funds in India (AMFI) released data on Monday, 11 May, showing a moderate decline in equity inflows into mutual funds, which stood at ₹38,440.20 crore, a 5% decrease on a month-on-month (MoM) basis.
Equity Mutual Fund Inflows Slow Down
Equity mutual fund inflows, which stood at ₹40,450.26 crore at the end of March, saw a decline in April. However, SIP (Systematic Investment Plan) inflows remained steady, moderating to ₹31,115 crore from a record high of ₹32,087 crore in March.
Read also: Expert Portfolio Manager Raja Venkatraman Names Top Investment Picks for June 4
Total Assets Under Management (AUM) for Equity Funds Improve
The total assets under management (AUM) for equity funds improved by ₹376,654 crore to ₹35,74,352 crore in the month under review.
Equity Funds: Segment-wise Details
| Category | March | April | MoM Change |
|---|---|---|---|
| Multi-cap | ₹2,981.55 crore | ₹3,806.01 crore | 27.65% |
| Small-cap | ₹6,265.90 crore | ₹6,885.90 crore | 10% |
| Mid-cap | ₹6,051.40 crore | ₹6,551.40 crore | 8% |
| Flexi-cap | ₹10,054.12 crore | ₹10,147.85 crore | 0.5% |
| Focused | ₹2,435.90 crore | ₹1,194.80 crore | -51% |
| Value/Contra | ₹2,125.08 crore | ₹1,478.08 crore | -31% |
| Thematic/Sectoral | ₹2,700.36 crore | ₹1,949.36 crore | -28% |
In percentage terms, inflows into focused funds tumbled the most, declining by 51% MoM to ₹1,194.80 crore. In the value fund/contra fund category, inflows declined by 31% to ₹1,478.08 crore, and in the thematic and sectoral funds, the contributions were lower by 28% to ₹1,949.36 crore.
Resilience of Indian Equities
Despite heightened volatility due to external factors, Indian equities demonstrated resilience, enabling markets to end the month in positive territory. FIIs (Foreign Institutional Investors) withdrew around ₹60,847 crore during April, while DIIs (Domestic Institutional Investors) contributed around ₹51,064 crore, said Venkat Chalasani, chief executive of AMFI.
Debt Funds Show Strong Buying
Overall, inflows into mutual funds turned positive to ₹3,22,402.98 crore in April, marking a sharp turnaround compared with net outflows of 2,39,910 crore last month. This was led by strong buying in debt funds.
Investor Takeaway
Equity fund inflows declined 5% in April, but SIP contributions remained steady.
More in Market
Expert Portfolio Manager Raja Venkatraman Names Top Investment Picks for June 4
MarketSmith India's 4 June Stock Recommendations
Foreign Investors Outpace Domestic Mutual Funds in Rupee Returns Despite Record Withdrawal of $27 Billion
