Record investment of Rs 20,371 crore through SIP, 16% decline in equity mutual funds
Investment: Equity mutual funds have declined due to reduced investment inflows in large-cap funds. This is the 38th consecutive month that there has been a net inflow into equity funds. According to Amfi, there was an inflow of Rs 2.4 lakh crore in the mutual fund industry last month. There was a withdrawal of Rs 1.6 lakh crore in March.
Investment in mutual funds through Systematic Investment Plan (SIP) crossed Rs 20,000 crore for the first time in April 2024. During this period, SIP investment increased from Rs 19,271 crore in March 2024 to an all-time high of Rs 20,371 crore. However, investment in equity mutual funds declined by 16 percent to Rs 18,917 crore from Rs 22,633 crore in March.
The decline in equity mutual funds can be attributed to lower inflows of capital into large-cap funds. It is the 38th consecutive month that net inflows into equity funds have occurred. As per the Association of Mutual Funds in India (Amfi), the mutual fund industry witnessed an inflow of Rs 2.4 lakh crore in the previous month. In March, 1.6 lakh crore rupees were taken out.
In April, net assets under management (AUM) in the mutual fund business reached a total of Rs 57.26 lakh crore. It was Rs 53.54 lakh crore by the end of March. To Rs 357 crore, investments in large-cap funds saw a dramatic drop. In March, it was 2,128 crore rupees. A withdrawal of Rs 144 crore was made from the ELSS.
