Indian equity mutual fund inflows fell 16% in March, causing first monthly outflow in small-cap funds since 2020.
Equity mutual fund inflows in India fell 16% in March, leading to the first monthly outflow in small-cap funds in over two years. Inflows dropped to Rs 22,633.15 crore from Rs 26,865.78 crore in February, marking the 37th consecutive month of net inflows. Despite this, large-cap funds experienced a 130% month-on-month increase in net inflows. Debt mutual funds experienced the largest outflows, with Rs 1.98 lakh crore being withdrawn.
April 10, 2024
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