Equity mutual fund inflows dip 5% in April to Rs 38,440 crore; debt funds rebound sharply: AMFI data

Equity mutual fund inflows slipped to Rs 38,440 crore in April, down about 5 percent from Rs 40,450 crore in March, according to monthly data released by the Association of Mutual Funds in India (AMFI). Even with the moderation, equity schemes continued to attract strong investor participation, with inflows remaining well above February and January levels.

Assets under management (AUM) of equity mutual funds rose to Rs 35.74 lakh crore in April, compared with Rs 31.98 lakh crore in March. Debt mutual fund AUM also increased to Rs 19.14 lakh crore from Rs 16.52 lakh crore a month earlier.

The mutual fund industry as a whole recorded net inflows of Rs 3.22 lakh crore during the month, sharply reversing March’s net outflow of Rs 2.40 lakh crore. The recovery was largely driven by debt schemes and improved flows across categories at the start of the new financial year.

Debt mutual funds recorded net inflows of Rs 2.47 lakh crore in April, compared with sharp outflows of Rs 2.95 lakh crore in March. The rebound comes after quarter-end treasury adjustments and institutional redemptions weighed heavily on debt fund flows in the previous month.

Among other categories, hybrid schemes attracted net inflows of Rs 20,565 crore in April, recovering from outflows of Rs 16,538 crore in March. Meanwhile, “other schemes”, including ETFs, recorded inflows of Rs 20,082 crore during the month, lower than the Rs 30,768 crore seen a month earlier.

Solution-oriented schemes, which include retirement and children’s funds, recorded inflows of around Rs 307 crore, compared with Rs 256 crore in March, indicating continued participation in long-term goal-based investment products.

Meanwhile, gold exchange-traded funds (ETFs) recorded net inflows of Rs 3,040 crore in April, higher than Rs 2,266 crore in March, suggesting continued investor interest in gold-backed investment products despite moderation from the sharp inflows seen earlier this year.

Overall, the April numbers indicate that mutual fund investors remained active across categories despite market volatility, with equity inflows staying resilient and debt schemes witnessing a strong rebound after March’s sharp outflows.

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