March: Volatility no bar, fairness MFs get document inflows

Equity mutual funds (MFs) witnessed web inflows of Rs 28,463 crore in March regardless of a risky inventory market and sustained promoting by international portfolio traders.

According to the Association of Mutual of Funds of India (AMFI), fairness mutual funds noticed a web influx of Rs 19,705 crore in February, Rs 14,888 crore in January and Rs 25,077 crore in December 2021. Equity schemes have been witnessing web influx since March 2021, highlighting the constructive sentiment amongst traders.

Equity schemes had persistently witnessed outflows for eight months from July 2020 to February 2021 shedding Rs 46,791 crore. N S Venkatesh, chief government, AMFI mentioned: “The deteriorating geo-political situation with Russia-Ukraine war, elevated hawkish US Fed stance or even the rising inflation owing to spurt in fuel prices have not deterred continued investor confidence in the India growth story.”

SIP contribution for March 2022 was at an all-time excessive at Rs 12,328 crore, AMFI mentioned. SIP AUM on the finish of March 2022 was Rs 5,76,358 crore. In the final 12 months, as on March 31, 2022, the MF trade has added 1.09 crore distinctive traders which can also be reflective of investor confidence within the mutual asset class, Venkatesh mentioned. Within the fairness phase, all classes noticed web inflows. Multi-cap fund class noticed the best web influx of Rs 9,694 crore, adopted by massive & mid-cap fund and enormous cap fund that witnessed over Rs 3,000 crore web infusion every.

However, the debt phase noticed a web outflow of Rs 1.15 lakh crore final month, after witnessing a web influx of Rs 8,274 crore in February. Index funds and ETFs confirmed inflows of Rs 19,404 crore.