New Delhi:
Equity funds attracted a net amount of Rs 28,463 crore in March, marking the 13th consecutive monthly net inflows amid a volatile stock market environment and ongoing selling of FPIs (foreign portfolio investors).
By comparison, equity mutual funds saw net inflows of Rs 19,705 crore in February, Rs 14,888 crore in January and Rs 25,077 crore in December 2021, data from the Association of Mutual Funds in India (AMFI) showed on Friday.
Equity schemes have seen net inflows since March 2021, underlining positive investor sentiment. Before that, such schemes had consistently witnessed outflows for eight months from July 2020 to February 2021, losing Rs 46,791 crore.
Within the equity segment, all categories saw net inflows. The multi-cap funds category saw the highest net inflow of Rs 9,694 crore, followed by large & mid-cap funds and large-cap funds which each witnessed a net injection of Rs 3,000 crore.
However, the debt segment saw net outflows of Rs 1.15 lakh crore last month after witnessing net inflows of Rs 8,274 crore in February.
Overall, the mutual fund industry recorded a net outflow of Rs 69,883 crore in March, compared to a net infusion of Rs 31,533 crore in the previous month.
Due to the outflow, the sector’s average assets under management (AUM) fell to Rs 37.7 lakh crore at the end of March, from Rs 38.56 lakh crore at the end of February.