Equity mutual fund net inflows stood at Rs 28,463 crore in March

New Delhi:

The equity mutual fund attracted a net amount of Rs 28,463 crore in March, making it its 13th consecutive monthly net inflow, amid a volatile stock market environment and continued FPI (foreign portfolio investor) sell-offs.

In 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 are witnessing net inflows since March 2021, highlighting the positive sentiment among investors. Earlier, such schemes had incurred losses of Rs 46,791 crore for eight consecutive months from July 2020 to February 2021.

Within the equity segment, net inflows were seen across all categories. The multi-cap fund category saw the highest net inflow of Rs 9,694 crore, followed by large and mid-cap funds and large cap funds that saw net inflows of over Rs 3,000 crore.

However, after a net inflow of Rs 8,274 crore in February, the debt segment saw a net outflow of Rs 1.15 lakh crore last month.

Overall, the mutual fund industry recorded a net outflow of Rs 69,883 crore in March, as against a net inflow of Rs 31,533 crore in the previous month.

The outflow pulled the average assets under management (AUM) of the industry to Rs 37.7 lakh crore at the end of March, from Rs 38.56 lakh crore at the end of February.