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Equity mutual fund flows fall 16 percent in April; SIP contribution crosses Rs 20,000 crore
Equity mutual funds attracted Rs 18,917 crore in April, 16 percent less than the previous month. This is the 38th consecutive month of net inflows into equity funds, according to Association of Mutual Funds in India (AMFI) data on Thursday. Apart from this, monthly Systematic Investment Plan (SIP) contribution crossed the Rs 20000 crore mark. Let us know about it in detail.
Due primarily to a sharp decline in inflows into large-cap funds, equity mutual funds attracted Rs 18,917 crore in April, a 16 percent decrease from the previous month. Association of Mutual Funds in India (AMFI) data released on Thursday shows that net inflows into equity funds have occurred for 38 consecutive months.
In April, contributions to the monthly systematic investment plan (SIP) surpassed Rs 20,000 crore and recorded an all-time high of Rs 20,371 crore, up from Rs 19,271 crore in March.
In total, the mutual fund industry saw an inflow of Rs 2.4 lakh crore during the reviewed month, following an outflow of Rs 1.6 lakh crore during the previous month. This huge investment was due to an investment of Rs 1.9 lakh crore in loan schemes.
