Equity Mutual Funds Inflows Rise to One-Year High in March

Net inflows into active equity mutual funds schemes rose to Rs 20,534.51 crore in March 2023, the highest in the last one year, as per data from the Association of Mutual Funds in India (AMFI).

The rise was supported by investments through the systematic investment plan (SIP), which crossed the Rs 14,000-crore mark for the first time.

The net inflows stood at Rs 28,463.49 crore in March 2022.

The mutual fund (MF) industry had a net asset under management (AUM) of Rs 39.42 lakh crore, while the average asset under management (AAUM) was at Rs 40.05 lakh crore in March 2023, as per the AMFI.

Retail AUM across equity, hybrid and solution-oriented schemes raked in Rs 20,34,533 crore for March 2023, while the average AUM stood at Rs 20,45,632 crore. 

The number of retail scheme folios across equity, hybrid, and solution-oriented schemes was Rs 11,64,81,361. The SIP inflows registered in March 2023 were Rs 14,276.06 crore as compared with Rs 13,686.28 crore in February 2023. The MF folios number clocked 14,57,30,600 with retail MF folios also standing at an all-time high.

Comparatively, the number of SIP accounts stood at 6.36 crore as of March 2023 as against 6.28 crore in February 2023. 

The SIP AUM was Rs 6.83 crore for February 2023, compared to Rs 6,74 crore in February 2022.

The new SIPs registered were 21,65,516 in March 2023. In all, 43 schemes had been introduced, which included 22 open-ended and 21 close-ended schemes, which aided in raising about Rs 8,496 crore.

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