Mutual fund equity inflows down 3% in April as investors move to hybrid funds

Inflows into equity mutual funds were down 3 per cent last month to ₹24,269 crore against ₹25,082 crore logged in March, as investors moved their money to hybrid funds due to intense volatility in the equity market amid geopolitical tension.

Flexi and small-cap funds registered the highest inflows of ₹5,542 crore (₹5,615 crore) and ₹4,000 crore (₹4,092 crore), while mid-cap funds attracted investment of ₹3,314 crore (Rs 3,439 crore), according to the Association of Mutual Funds in India data released on Friday.

Inflows through SIPs bounced back to ₹26,633 crore (₹25,926 crore) as the contributing SIP accounts increased three per cent last month to 8.38 crore against 8.11 crore in March.

However, the number of discontinued SIP accounts has jumped sharply to 1.36 crore (52 lakh), while the number of new SIPs opened was up at 46 lakh (40 lakh).

Venkat Chalasani, CEO, AMFI said the reconciliation of discontinued SIP accounts has been completed and from next month the discontinued SIP accounts should be normal to 35-40 lakh depending on market movements.

Going ahead, he said the will be volatility in the market will continue due to current geopolitical developments but investors should not react to rumours as the long term of the country is intact.

Published on May 9, 2025

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