Equity mutual fund schemes witnessed a net inflow of ₹38,440 crore in April, a decline of approximately 5 percent compared to March. This information was revealed by data released on Monday by the industry body, AMFI. According to figures from the Association of Mutual Funds in India (AMFI), monthly contributions made through Systematic Investment Plans (SIPs) also declined in April, falling to ₹31,115 crore, down from ₹32,087 crore in March.

However, the mutual fund industry as a whole recorded a net inflow of ₹3.22 lakh crore during April, in contrast to a net outflow of ₹2.4 lakh crore witnessed in March. This surge in April was driven primarily by massive inflows of ₹2.5 lakh crore into debt-oriented funds.

**Decline in Inflows**

Driven by these inflows, the industry's total Assets Under Management (AUM) rose to ₹81.92 lakh crore by the end of April, up from ₹73.73 lakh crore at the end of March. According to category-wise data, inflows into equity fund schemes dropped to ₹38,440 crore in April, down from ₹40,450 crore in March. Nevertheless, this figure remains higher than the ₹25,978 crore recorded in February.

While inflows remained positive across most categories, marginal net outflows were recorded in Dividend Yield funds and Equity-Linked Savings Schemes (ELSS), largely due to profit-booking and portfolio rebalancing.

**Investment Breakdown**

Within the equity segment, Flexi-cap funds attracted the highest inflows, totaling ₹10,148 crore. This was followed by inflows of ₹6,886 crore into Small-cap funds and ₹6,551 crore into Mid-cap funds. Meanwhile, Large-cap funds recorded a net inflow of ₹2,525 crore. Furthermore, gold-based ETFs received an inflow of ₹3,040 crore during April, which is higher than the ₹2,266 crore recorded in March.

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