Inflows into equity mutual funds fell to ₹18,888 crore in April, 16% lower than the inflows witnessed in March, according to data from the Association of Mutual Fund of India (AMFI).
Within the equity segment, small-cap funds witnessed an inflow ₹2,209 crore in April as compared to an outflow of ₹94 crore in March. Inflows into Mid-cap funds also continued to rise. From ₹1018 crore in March, inflows into the category rose to ₹1793 crore in April.
Large-cap funds experienced a considerable decline in inflows, from ₹2128 crore in March to just about ₹358 crore in April. The overall decline in equity inflows was largely due to this decline in inflows into large-cap funds.
The standout category in April, was the hybrid funds where inflows reached a whopping ₹19,863 crore versus ₹5,584 crore in March.
Meanwhile, monthly systematic investment plan or SIP contributions crossed the ₹20,000 crore mark reaching an all-time high of ₹20,371 crore in April as compared to ₹19,271 crore in March.
Also watch: Small Cap funds see outflow for first time in 10 months; SIP flows continue to surge