Equity MFs get Rs 22,633 cr in March
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New Delhi: Equity mutual funds (MFs) ended the financial year 2023-24 on a positive note with a net inflow of Rs22,633 crore in March, propelled by huge interest for thematic funds and launch of new fund offerings (NFOs). However, the latest flow was 16 per cent lower compared to an infusion of Rs26,866 crore seen in the preceding month, data with the Association of Mutual Funds in India (AMFI) showed on Wednesday.
Systematic Investment Plan (SIP) monthly inflow rose to a fresh high of Rs19,270 crore during the month under review from Rs19,187 crore in February. Total SIP contribution stood at Rs2 lakh crore, an uptick of 28 per cent over the previous year. Hybrid funds attracted Rs5,584 crore in the last month of 2023-24. Debt mutual funds, on the other hand, saw an outflow of Rs 1.98 lakh crore in March.
