Contributions into systematic investment plans (SIPs) hit a record high of 192.71 billion rupees in March, hitting all-time highs for the 15th time in 18 months.
AMFI released the data for mutual funds inflows and outflows for the month of March 2024.it shows Small- and mid-cap indexes dropped to 4.41% and 0.54%, respectively, in March. The total inflows received in were Rs 22,633.15 crore, a little lower as compared to Rs 26,865.78 crore received in February. Among the equity categories, all categories except for small cap funds received inflows in March.
Sectoral/thematic id the mutual fund category which received the highest inflows. Small-caps saw outflows for the first time since September 2021 and investors showed more interest in large-cap funds.
Contributions into systematic investment plans (SIPs) hit a record high of 192.71 billion rupees in March, hitting all-time highs for the 15th time in 18 months.
Top 5 Sectoral Mutual Fund Schemes in the sector have delivered over 80 per cent returns in the last 1 year, reported ET Now.
HDFC Infrastructure Fund – The direct plan of the scheme delivered 80.78 per cent returns in the last one year.
ICICI Prudential PSU Equity Fund – The direct plan of the scheme delivered 84.37 per cent returns in the last one year.
Invesco India PSU Equity Fund – The direct plan of the scheme delivered 85.81 per cent returns in the last one year.
SBI PSU Fund – The direct plan of the scheme delivered 89.08 per cent returns in the last one year.
Aditya Birla Sun Life PSU Equity Fund – The direct plan of the scheme delivered 94.40 per cent returns in the last one year.
Small Cap & Mid Cap Inflows
Small-cap funds, which have led the inflows over the last 17 months, saw outflows of 0.94 billion rupees in March.
“The outflow from small-caps was triggered by concerns of froth raised by the markets regulator, which led more funds to move a large chunk of their portfolio to large-cap stocks,” said Puneet Sharma, chief executive and fund manager at asset management firm Whitespace Alpha.
Mid-cap funds saw inflows worth 10.18 billion rupees, dropping 44% from the previous month, while large-caps saw inflows rise 131% sequentially to 21.28 billion rupees, a 21-month high.
(With Inputs From Reuters)
(Disclaimer: All mutual fund investments are subject to market risks; The above article is meant for informational purposes only, and should not be considered as any investment advice.)