Association of Mutual Funds in India Data Shows Equity MF Inflows Hit ₹40,450 Crore in March

According to data from the Association of Mutual Funds in India (AMFI), net investments in active equity mutual funds increased to ₹40,450.26 crore in March, the highest level since July 2025. In February, this figure was ₹25,977.81 crore.

Investments via SIPs reached an all-time high. While SIP investments amounted to ₹32,087 crore in March, compared to ₹29,845 crore in February, it was clear that retail investors continued investing in mutual funds. However, mutual fund investments experienced an outflow of ₹2.39 lakh crore in March, following ₹94,530 crore in February.

While debt funds saw a large part of the outflow, it was noted by market analysts that increased investments were due to continuous SIPs, coupled with portfolio rebalancing at year-end. Investors considered the stock market fall as an opportunity to invest.

Investment increased across all segments of the equity category. Flexi-cap funds led the way, attracting ₹10,054.12 crore in March. Mid-cap funds saw ₹6,063.53 crore and small-cap funds saw ₹6,263.56 crore. Large-cap funds saw ₹2,997.84 crore inflows. Sectoral and thematic funds saw steady inflows of Rs 2,698.82 crore.

In contrast, debt mutual funds witnessed massive outflows of Rs 2.94 lakh crore in March. They had received inflows of Rs 42,106.31 crore in February. Overnight and liquid funds were the main drivers of these outflows. Hybrid schemes saw outflows of Rs 16,538.47 crore and arbitrage funds saw outflows of Rs 21,113.70 crore. Investments in gold exchange-traded funds declined to Rs 2,266 crore. New fund offers (NFOs) raised Rs 3,985 crore from 24 launches in March.