Synopsis
In March, India's mutual fund sector achieved a record AUM of Rs 65.74 lakh crore, according to AMFI. This growth is driven by substantial inflows in equity categories, particularly flexi-cap and small-cap funds, alongside significant SIP contributions.Key Takeaways
- Mutual fund AUM reached Rs 65.74 lakh crore.
- Equity AUM increased by 7.6% from February.
- Flexi-cap funds led inflows with Rs 5,615 crore.
- SIP contributions hit Rs 25,926 crore.
- ETFs saw inflows of Rs 10,962 crore.
Mumbai, April 11 (NationPress) The mutual fund sector in India achieved an extraordinary milestone in March, with total assets under management (AUM) soaring to a record Rs 65.74 lakh crore, as reported by the Association of Mutual Funds in India (AMFI) on Friday.
This represents an increase from Rs 64.53 lakh crore in February. Notably, equity AUM experienced a robust rise of 7.6 percent, climbing from Rs 27.4 lakh crore in February to Rs 29.5 lakh crore in March.
Systematic Investment Plan (SIP) contributions for the month reached Rs 25,926 crore, according to AMFI statistics.
All 11 categories of equity mutual funds recorded positive inflows in March, with flexi-cap funds leading the way. This category attracted the largest inflow of Rs 5,615 crore, up from Rs 5,104 crore in February.
Small-cap funds closely followed, achieving the second-highest inflow of Rs 4,092 crore, marking a 10 percent increase.
Inflows into midcap funds also showed a slight uptick of 0.9 percent, reaching Rs 3,438.87 crore, per AMFI data.
However, some fund categories exhibited signs of investor caution. Large-cap funds experienced outflows of Rs 2,479 crore, although this was a slowdown compared to Rs 2,866 crore in February.
Dividend yield funds almost doubled their inflows to Rs 140.5 crore in March, compared to Rs 68.7 crore the previous month.
New Fund Offers (NFOs) remained stable, garnering Rs 4,085 crore in March, slightly up from Rs 4,029 crore in February.
The exchange-traded funds (ETFs) saw significant inflows of Rs 10,962 crore, nearly tripling from the prior month.
Around 30 open-ended mutual fund NFOs were introduced in March, raising a total of Rs 4,085 crore. Among these, 11 were index funds, which attracted Rs 2,049 crore, while 10 other ETFs raised Rs 90 crore.
Additionally, last month, AMFI data indicated that SIPs in India experienced strong growth during the financial year 2024–25 (April-February), with contributions hitting Rs 2,63,426 crore.
This marks a substantial 32.23 percent increase compared to the Rs 1,99,219 crore collected during the same timeframe in FY24.
