Investors Pulled Money: Equity Mutual Funds Dropped By 16%

Investors Pulled Money: Equity Mutual Funds Dropped By 16%

In small-cap schemes, investors pulled their money for the first time in the last two years, where Equity Mutual Funds (MF) dropped by 16% in March 2024.

Let’s Understand Why Mutual Funds Dropped By 16%

1. In March, total inflows were Rs 22,633.15 crore, down from Rs 26,865.78 crore in February.
2. Smallcap funds were the only category not receiving inflows in March.
3. FY24 saw total equity inflows at Rs 1.84 lakh crore.
4. Net inflows in March were Rs 22,633.15 crore compared to Rs 26,865.78 crore in February.
5. Sectoral/thematic funds received Rs 7,917.72 crore in March, down from Rs 11,262.72 crore in February.
6. In FY24, sectoral/thematic funds received the highest equity inflows at Rs 46,137.86 crore.
7. Large & midcap funds attracted the second-highest inflows of Rs 3,215.58 crore in March.
8. Flexicap funds secured the third position with inflows of Rs 2,738.11 crore during the same period.
9. Smallcap funds experienced an outflow of Rs 94.17 crore in March, while in the fiscal year 2023-24, they saw total inflows of Rs 40,188.56 crore.

In FY24, focused funds saw outflows of Rs 4,060 crore, while large-cap funds experienced outflows of Rs 613 crore among all equity categories.

Overall, In March, the mutual funds’ total Assets Under Management (AUM) dropped by 2% to Rs 53.12 lakh crore from Rs 54.24 lakh crore in February.