Equity MF inflows fall 16% in April; small cap and debt schemes back in demand

The inflows in equity mutual funds dropped by approximately 16% in April, shows data released by Amfi. The inflows in April stood at Rs 18,917.09 crore as against Rs 22,633.15 crore in March.

In a new feat, the monthly SIP data has crossed the Rs 20,000 crore mark for the first time and reached Rs 20,371 crore, according to ET Now. The SIP contribution in March was recorded at Rs 19,271 crore.

The small cap funds again managed to receive inflows after an outflow of Rs 94.17 crore last month. Among the equity categories, all except for ELSS and focused funds saw inflows in April.

The sectoral/thematic funds have continued to receive highest inflows for months. In April, this category garnered inflows of Rs 5,166.05 crore as against Rs 7,917.72 crore in March.

The multicap funds stood second on the inflow chart and received Rs 2,723.87 crore funds. Large & mid cap funds received inflows of Rs 2,638.91 crore.

Focused fund and ELSS funds witnessed an outflow of Rs 328.04 crore and Rs 144.04 crore, respectively in April.