Equity mutual fund schemes continued to draw investors even as a ferocious second wave of Covid-19 cases has gripped India, and equity markets have remained on edge.
Yet, market volatility took its toll. April marks the second consecutive month of net inflows for open-ended equity schemes at Rs 3,437 crore, but it fell from Rs 9,115 crore inflow in March, according to data released by the Association of Mutual Funds in India.
Large-, mid- and small-cap funds witnessed inflows for the second straight month, although net investments dropped over March. Investors, however, pulled out of multi-cap schemes for the second month in a row.
AMFI started offering granular data since April 2019.
Contributions to systematic investment plans stayed buoyant at Rs 8,591 crore versus Rs 9,182 crore inflow in March. (March numbers included flows of last two days of February).
Total net inflow for all mutual fund schemes, debt and equity, came in at Rs 92,906 crore in April, with average assets under management at Rs 32.42 lakh crore.
In debt schemes, liquid funds saw an inflow of Rs 41,507 crore in April versus an outflow of Rs 19,383 crore in March.
Credit risk funds witnessed an outflow of Rs 157.4 crore, lower than the outflow of Rs 169.7 crore in March.