Equity mutual fund inflows in March at ₹ 20,534 crore; highest in a year

The net inflow into equity funds during March stood at ₹ 20,534.21 crore, as per data from the Association of Mutual Funds in India. This is over 30% higher than February and the highest inflows in the category in the last 12 months.

This surge in the equity fund inflows was aided by investments in sectoral and thematic schemes, which alone saw a total inflow of ₹ 3,928.97 crore. Dividend yield funds received inflows of Rs 3,715 crore.

Meanwhile, investments through systematic investment plans topped the Rs 14,000 crore mark for the first time ever. The SIP contribution for March came in at Rs 14,276 crore compared with Rs 13,686 crore in February.

However, the debt category witnessed a net outflow of Rs 56,884 crore in March, with liquid funds seeing the maximum outflows of Rs 56,924 crore. Liquid funds typically are used by companies to park short term cash. Among the debt funds, corporate bond funds received the maximum interest and saw inflows of Rs 15,626 crore.

Average assets under management stood at Rs 40.05 lakh crore in March as compared to Rs 40.69 lakh crore in February.