The equity inflows into mutual funds moderated by 5% on a month-on-month (MoM) basis to ₹38,440.20 crore, showed the latest data released by the Association of Mutual Funds in India (AMFI) on Monday, 11 May, amid a significant slowdown in investments in sectoral and thematic schemes.
The equity mutual fund inflows stood at ₹40,450.26 crore at the end of March.
Meanwhile, SIP inflows remained steady, moderating to ₹31,115 crore from a record high of ₹32,087 crore in the month of March.
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
Small-caps, midcap and flexicap schemes saw an increase in inflows while all other categories faced a decline.
In percentage terms, inflows into focused funds tumbled the most by 51% MoM to ₹1,194.80 crore. In the value fund/contra fund category, inflows declined 31% to ₹1,478.08 crore, and in the thematic and sectoral funds, the contributions were lower by 28% to ₹1,949.36 crore.
The flexi-cap fund, meanwhile, continued to see strong inflows of ₹10,147.85 crore, an increase over ₹10,054.12 crore recorded last month. Meanwhile, the small-cap category saw a 10% increase and the mid-cap category an 8% rise.
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.
(This is a developing story. Please check back for updates.)
