Inflows in equity mutual funds fall 16% in April, shows AMFI data
₹18,917.08 crore in April against ₹22,633 crore a month ago, shows the data released by the Association of Mutual Funds in India (AMFI).
This decline was attributed to fresh selling in large cap funds.
Despite this, inflows into equity funds remained positive for the 38th consecutive month. In April, small cap funds saw a significant turnaround with an inflow of ₹2,208.70 crore, contrasting sharply with the previous month's outflow of ₹94 crore.
Mid cap funds also performed well, experiencing a healthy inflow of ₹1,793.07 crore, up from ₹1,018 crore in March. However, large cap funds witnessed a decrease in inflows, settling at ₹357.56 crore compared to ₹2,128 crore in the previous month.
Hybrid funds experienced a significant surge in inflows, reaching ₹19,862.94 crore compared to ₹5,583.62 crore in March.
