Equity mutual fund inflows fell 16% in April, with SIP contributions hitting an all-time high, while AUM increased to Rs 56.99 lakh crore.
Equity mutual fund inflows fell 16% to Rs 18,917 crore in April due to a decline in large-cap fund inflows, but equity funds witnessed their 38th consecutive month of net inflows. Meanwhile, monthly Systematic Investment Plan (SIP) contributions reached an all-time high of Rs 20,371 crore in April, up from Rs 19,271 crore in March. The total assets under management (AUM) increased to Rs 56.99 lakh crore in April from Rs 53.12 lakh crore in March.
May 09, 2024
3 Articles