Mutual Fund For the fifteenth time in the last eighteen months, contributions to systematic investment plans (SIPs) reached all-time highs in March, totaling 192.71 billion rupees.
The mutual fund inflow and outflow data for March 2024 was made public by AMFI. It reveals that in March, the small- and mid-cap indices fell to 0.41% and 0.54%, respectively. The entire amount of inflows received in February was Rs 26,865.78 crore, which was slightly less than the sum of Rs 22,633.15 crore received in March. All stock categories had inflows in March, except small-cap funds.
The mutual fund category with the most inflows was sectoral/thematic. For the first time since September 2021, investors withdrew from small-cap funds, while large-cap funds attracted greater attention.
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.
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The top 5 Sectoral Mutual Fund Schemes in the sector have delivered over 80 percent returns in the last 1 year, reported ET Now.
HDFC Infrastructure Fund – The direct plan of the scheme delivered 80.78 percent returns in the last year.
ICICI Prudential PSU Equity Fund – The direct plan of the scheme delivered 84.37 percent returns in the last year.
Invesco India PSU Equity Fund – The direct plan of the scheme delivered 85.81 percent returns in the last year.
SBI PSU Fund – The direct plan of the scheme delivered 89.08 percent returns in the last year.
Aditya Birla Sun Life PSU Equity Fund – The direct plan of the scheme delivered 94.40 percent returns in the last year.
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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.
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