Despite the high volatility witnessed in the stock market, investors continue to exhibit unwavering faith in equity mutual funds.
Recent data released by the Association of Mutual Funds in India (AMFI) reveals that a substantial amount of Rs 20,534.21 crore was infused into equity mutual funds in March,
marking an impressive increase of nearly 31 percent compared to the previous month. Consequently, the country’s total Assets Under Management (AUM) surged to Rs 39,42,031 crore.
Equity Investments in Mutual Funds Reach Rs 1.81 Lakh Crore in FY 2023
Throughout the entire financial year, mutual funds displayed a strong commitment to equity investments, channeling a noteworthy sum of Rs 1.81 lakh crore in FY 2023.
This figure showcases a substantial rise from the previous year, which recorded equity investments amounting to Rs 1.2 lakh crore.
Sectoral/Thematic Funds Garner Maximum Investments
Among the various categories, sectoral themed equity funds emerged as the most preferred choice for investors in March.
AMFI data reveals that sectoral theme funds witnessed a significant inflow of Rs 3,928.97 crore during the month.
ELSS Schemes and Dividend Yield Equity Funds Garner Investor Attention
Investors displayed considerable interest in ELSS (Equity Linked Saving Scheme) schemes, injecting a substantial amount of Rs 2,685.58 crore in March.
just before the closure of the financial year. Meanwhile, Dividend Yield Equity Funds secured the second position.
with an investment of Rs 3,715.75 crore during the same period, showcasing investor confidence in this category.
Small Cap Fund and Midcap Fund Garner Substantial Investments
March witnessed investors channeling significant funds into specific categories, with Small Cap Fund receiving an investment of Rs 2,430.04 crore.
while Midcap Fund secured the fifth position with an infusion of Rs 2,128.93 crore.
Liquid Funds Witness Largest Outflows in the Income/Debt Focused Category
Liquid funds, falling under the income/debt focused category, witnessed significant outflows in March.
A substantial withdrawal of Rs 56,924.13 crore was observed from these funds during the month.
It’s worth noting that liquid funds are ideal for short-term investments ranging from one day to three months, catering to the needs of investors seeking quick returns.
