Top 5 Equity Mutual Funds that attracted maximum investment in March 2023

Akhil Chaturvedi, Chief Business Officer, Motilal Oswal AMC said that equity funds continue to trend in terms of net inflows: 20.5K cr vs 15.7K cr in February. As a result of the end of the financial year, ELSS funds raised gross inflows of ₹4.2K crore as compared to ₹2.3K crore in February, which is a growth of 84%. Thematic/Sectoral funds continue to have the highest month-on-month inflows. Small cap funds continued to gain inflow momentum following the trend of recent months.

Interestingly, dividend yield funds attracted the highest inflows, reflecting the strong performance of the Dividend Factor Index. Hybrid funds saw net redemptions of ~12.4K cr. He said this was mainly due to withdrawals from arbitrage funds.

These are the top 5 equity MF schemes that attracted maximum investment in March

Sectoral/Thematic Fund – 3,928.97 crore

Dividend Yield Fund – 3,715.75 crore

ELSS- Crore 2,685.58

Small Cap Fund- 2,430.04 crore

Mid Cap Fund- 2,128.93 crore

According to data released by mutual funds body amphi on thursday increased the net aum (assets under management) of the industry to 39,42,031 crore, while the average AUM hit 40,04,638 crore, above 37,56,682.57 crore and 37,70,295.79 crore in March 2022 respectively.

Sharekhan by Jean Christophe, director and chief marketing officer, BNP Paribas, said the second best performing schemes after equity MFs would be index funds, gold ETFs, other ETFs and funds investing overseas, which have made their debut. It has seen exponential growth since. of the year. Index funds had the maximum contribution in this category with inflows of around 27, 228 crores, which can be attributed to being low cost funds.