Indian Mutual Funds have witnessed a net outflow of Rs22,357cr, higher than Rs20,083cr that flowed out of all schemes put together in February, as per Association of Mutual Funds in India (AMFI) data released today. The liquid or money-market category contributed the most to the outflow.
AMFI data indicated that mutual funds witnessed higher inflows via SIP in March, up 13% yoy at Rs8,055.35cr. Meanwhile, the SIP collections have fallen marginally by 0.5% mom.
Inflows into equity mutual funds snapped a 4-month losing streak in March, on the rebound in the stock market. Retail AUM for March stood at Rs10.73 lakh cr, higher than February AUM of Rs10.01 lakh cr.
Investors pulled out Rs51,343cr last month, the most since December, against an outflow of Rs24,509cr in February.
The net investments into equity funds, including equity-linked savings schemes, more than doubled over the previous month to Rs11,756cr in March, AMFI said.
Besides, balanced funds saw withdrawals for the third straight month, the longest streak since May 2014, with an outflow of Rs3,181cr, AMFI data added.
Source: Media reports