Equity inflows stand at one-year high: AMFI

Equity inflows stand at one-year high: AMFI

As per the Association of Mutual Funds in India (AMFI) data, the equity inflows stood at Rs11,485cr in March. The inflow into equity mutual funds stood at a one-year high in March despite downfall in the stock market due to the Covid-19.

The balanced fund outflows in March stood at Rs1,515.6cr as against Rs1,182cr outflow in February, the AMFI data showed.

Net inflows into equity mutual funds jumped by Rs11,723cr in March vs. Rs10,795cr in February.

Meanwhile, the total number of SIP folios rose 2.47 lakh to 3.12 cr and the assets under management (AUM) from SIPs, however, fell to Rs2.39 lakh cr from Rs3.11 lakh cr in February.

Commenting on the March 2020 Monthly Mutual Fund data, Mr N S Venkatesh, Chief Executive, AMFI said: "Unprecedented situations warrant an equally unprecedented response, to help make the most of the crisis opportunity. This precisely sums up the retail investor riposte. Instead of exiting their investment in equity funds, retail investors have not only held on but added more AUMs and Folios, through SIPs recording highest ever equity inflows at Rs11,722.74cr, highest ever equity monthly mobilisation at Rs30,109.19cr and record-high annual SIP mobilisation of Rs1,00,084cr during the last fiscal. On the Debt side, the decline in AUMs is on account of quarter end phenomena - banks maintaining capital adequacy norms and corporates fulfilling advance tax obligation, and these funds would return in April.”

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