Equity mutual funds continued to see positive inflows despite high volatility in the stock market. According to data released by Association of Mutual Funds in India, all equity mutual fund categories saw inflows in the month of April with a total net inflow of Rs 15,890.38 crore.
Thematic funds lapped up most of the inflows among equity fund categories, followed by large & mid cap funds. ELSS and Dividend Yield funds saw the lowest inflows. Here’s the data:
Index funds saw a net inflows of Rs 6,061.86 crore and ETFs other than gold received a whopping Rs 8,662.80 crore in April. Inflows into gold ETFs stood at Rs 1,100.37 crore.
Debt mutual funds faced the wrath of the RBI raising rates. Except for very short term funds, all other categories saw massive outflows. Overnight Fund, Liquid Fund, Ultra Short Duration Fund, Low Duration Fund, Money Market Fund and Floater Fund categories saw positive inflows. Short duration funds saw the maximum outflows among debt fund categories.
In the hybrid fund category, Arbitrage funds saw big inflows worth Rs 4,092 crore.
“Despite volatility in markets and fear around macros both globally and locally, it is a good trend to see continued positive flows in equities. Though lower than last month which may be due to NFO allotment, SIP flows are holding strong which is also very positive. It will be interesting to see ongoing investment trends given the intensity of volatility being very high, I do expect positive trend to continue going forward though,” says Akhil Chaturvedi, Chief Business Officer, Motilal Oswal AMC.