Equity MFs inflow dips 5% to `38,440 cr in Apr

Equity-oriented mutual fund schemes garnered a net inflow of ₹38,440 crore in April, marking a 5% decline from the preceding month. The dip occurred amid geopolitical tensions in the Middle East, fluctuating crude oil prices, and concerns about global growth.

Moreover, monthly contributions through SIPs declined to ₹31,115 crore last month from ₹32,087 crore in March, according to data released by the Association of Mutual Funds in India (Amfi) on Monday. Overall, the industry recorded a net infusion of ₹3.22 lakh crore in April after witnessing an outflow of ₹2.4 lakh crore in March. This was contributed by a significant inflow of ₹2.5 lakh crore in debt funds.  

The inflow has lifted the industry's assets under management by 11% to ₹81.92 lakh crore at the end of April, up from ₹73.73 lakh crore at the end of March. This was driven by strong positive flows across segments and mark-to-market gains witnessed during the month, said Amfi Chief Executive Venkat Chalasani. 

"The overall trend indicates sustained resilience in domestic investor sentiment despite the prevailing uncertain global environment and intermittent volatility in equity markets," said Himanshu Srivastava, principal of manager research at Morningstar Investment Research India. According to the data, equity inflows dropped from ₹40,450 crore in March, though the April figure remained higher than the ₹25,978 crore inflow seen in February.