Inflows into equity mutual fund declined 3.2 per cent on a month-on-month basis to Rs 24,269.26 crore in the April, compared to Rs 25,082.01 crore in the previous month, the latest data from the Association of Mutual Funds in India (AMFI) showed.
During the reporting month, inflows through systematic investment plan (SIP) touched a record high of Rs 26,631.88 crore.
Net assets under management (AUM) of the mutual fund industry grew 6.4 per cent to Rs 69.99 lakh crore, as against Rs 65.74 lakh crore in March 2025. Retail AUM (equity + hybrid + solution oriented schemes) stood at Rs 40.29 lakh crore.
“The rising geopolitical tensions and caution ahead of the US Federal Reserve’s policy decision kept investors on edge,” said Ashwini Kumar, Senior Vice President and Head Market Data, ICRA Analytics.
Within equity mutual fund schemes, inflows into midcap funds fell 3.63 per cent to Rs 3,313.98 crore in February, compared to Rs 3,438.87 crore in the previous month.
Small cap funds also witnessed a 2.25 per cent drop in net inflows at Rs 3,999.95 crore in April, as against Rs 4,092.12 crore in March.
Inflows into large cap funds rose 7.75 per cent to Rs 2,671.46 crore in the reporting month, compared to flows of Rs 2,479.31 crore in March. Sectoral/thematic funds saw inflows of Rs 2,000.95 crore, compared to inflows of Rs 170.09 crore in March.
Debt mutual fund schemes witnessed inflows of Rs 2.19 lakh crore, compared to outflows of Rs 2.02 lakh crore in March. Inflows into liquid funds stood at Rs 1.18 lakh crore, while money market funds saw flows of Rs 31,507.04 crore. Overnight funds witnessed Rs 23,899.98 crore of inflows in April.
“Fixed income category saw a large inflow. Many institutional investors who redeem due to year end, invested back in categories like liquid, ultra-short term,” said Manish Mehta, National Head – Sales, Marketing & Digital Business, Kotak AMC.
Net inflows into hybrid funds stood at Rs 14,247.55 crore, compared to outflows of Rs 946.56 crore in March. The gold exchange traded fund (ETF) schemes saw Rs 5.82 crore worth of outflows.
The number of new SIPs registered in April stood at 46.01 lakh, while the SIP AUM stood at Rs 13.89 lakh crore. The number of contributing SIP accounts stood at 8.38 crore.
In April, mutual fund folios were at 23.62 crore and retail MF Folios (equity + hybrid + solution oriented schemes) were 18.71 crore.
