Mutual fund SIP inflows hit record ₹32,000cr in March

Mutual fund SIP inflows hit record ₹32,000cr in March

Mutual fund Systematic Investment Plan (SIP) inflows have hit a new high of ₹32,087 crore in March. This is an 8% increase from February's ₹29,845 crore.

The increase comes after a dip in February when the inflows had stayed above the ₹30,000 crore mark for two consecutive months.

On a year-on-year basis, the monthly SIP inflow has increased by 24% from last year's ₹25,925 crore.

Massive jump in equity mutual fund inflows

Equity mutual fund inflows witnessed a whopping 56% jump to ₹40,450 crore in March from February's ₹25,977 crore.

This is also a 61% year-on-year (YoY) increase from last year's ₹25,082 crore.

Flexi cap funds led the equity category with the highest inflows of ₹10,054 crore for the second consecutive month.

Small cap and mid cap funds followed suit with inflows of ₹6,263 crore and ₹6,063 crore, respectively.

Debt mutual funds see massive outflow

In stark contrast to equity funds, debt mutual funds witnessed a massive outflow of ₹2.94 lakh crore in March. This is a sharp decline from February's inflow of ₹42,106 crore.

All 16 categories under this segment saw outflows with liquid funds leading the charge at ₹1.34 lakh crore followed by overnight funds (₹40,227 crore) and money market funds (₹29,206 crore).

Hybrid funds also witness outflow

Hybrid funds too witnessed an outflow of ₹16,538 crore in March as against an inflow of ₹11,983 crore in February.

This is a stark contrast to last year's outflow of just ₹946 crore in March.

Among these categories, arbitrage funds saw the highest outflow at ₹21,113 crore followed by equity savings funds with an outflow of ₹1,131 crore.