March AMFI Data: Equity mutual fund inflows soar 56% MoM to Rs 40,450 crore; flexicaps top charts

Equity mutual fund inflows jumped 56% to Rs 40,450 crore in March, compared with Rs 25,977 crore in February. On a year-on-year basis, inflows rose 61% from Rs 25,082 crore.

Among the 11 sub-categories, flexicap funds attracted the highest inflows at Rs 10,054 crore, marking the second month of inflows exceeding Rs 10,000 crore.

Smallcap funds received the second-highest inflows at Rs 6,263 crore, followed by midcap funds at Rs 6,063 crore. Value/contra funds saw the lowest positive inflows at Rs 2,155 crore. ELSS funds and dividend funds recorded outflows of Rs 437 crore and Rs 59.21 crore, respectively, in March.

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On a month-on-month (MoM) basis, value/contra and focused funds saw inflows surge 196% and 169%, respectively. Mid and smallcap funds recorded increases of 51% and 61% in monthly inflows.
Debt funds
Debt mutual funds saw an outflow of Rs 2.94 lakh crore in March, compared with an inflow of Rs 42,106 crore in February. In March last year, these funds had recorded an outflow of Rs 2.02 lakh crore.Across the 16 sub-categories, all segments witnessed outflows in March, with liquid funds seeing the highest outflow at Rs 1.34 lakh crore. Overnight funds recorded outflows of Rs 40,227 crore, followed by money market funds at Rs 29,206 crore.

Credit risk funds saw the lowest outflow at Rs 329 crore during the month.

Hybrid funds
Hybrid funds recorded an outflow of Rs 16,538 crore in March, compared with an inflow of Rs 11,983 crore in February. In March 2025, the category had seen a modest outflow of Rs 946 crore.

Among the six sub-categories, only multi-asset allocation funds and aggressive hybrid funds saw inflows, while the rest recorded outflows. Multi-asset allocation funds attracted the highest inflow at Rs 5,212 crore in March, compared with Rs 8,476 crore in the previous month.

Arbitrage funds saw the highest outflow at Rs 21,113 crore, followed by equity savings funds, which recorded an outflow of Rs 1,131 crore in March.

Other schemes
Other schemes, including passive funds such as index funds and ETFs, saw inflows jump 122% MoM to Rs 30,767 crore in March, compared with Rs 13,879 crore in February.

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Other ETFs attracted the highest inflows at Rs 19,802 crore, followed by index funds at Rs 8,168 crore. On a MoM basis, other ETFs saw inflows surge 341%, while index funds recorded a 153% increase.

The total assets under management (AUM) of open-ended mutual funds declined 10% to Rs 73.48 lakh crore in March, from Rs 81.77 lakh crore in February.

New launches in March
A total of 24 new mutual fund schemes were launched in March, of which 23 were open-ended and one was close-ended. Together, these schemes mobilised Rs 3,985 crore.

The 23 open-ended schemes alone garnered Rs 3,743 crore, with the HDFC CRISIL-IBX Financial Services 9–12 Months Debt Index Fund contributing the highest at Rs 755 crore.

On a broader level, the launches included eight equity funds, three hybrid funds, and 12 other schemes.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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