Mumbai, May 11: The Indian stock market’s strength in April has positively impacted the mutual fund industry, resulting in an increase of over ₹8 trillion in Assets Under Management (AUM).
According to data released by the Association of Mutual Funds in India (AMFI), the AUM for the mutual fund industry reached ₹81.92 trillion on April 30, up from ₹73.73 trillion on March 31, marking an increase of ₹8.19 trillion.
In April, the Sensex rose by 4,965.95 points or 6.90%, while the Nifty increased by 1,666.15 points or 7.46%. This market strength was attributed to easing tensions between Iran and the United States and a decline in crude oil prices.
AMFI reported an inflow of ₹38,440.20 crore into equity mutual funds in April, compared to ₹40,450.26 crore in March. The total industry inflow for April was ₹3.22 trillion, up from ₹2.39 trillion in March.
Large-cap funds saw an inflow of ₹2,524.61 crore in April, down from ₹2,997.84 crore in March. Mid-cap funds recorded an inflow of ₹6,551.40 crore, an increase from ₹6,063.53 crore the previous month.
Small-cap funds experienced a rise in inflow to ₹6,885.90 crore, compared to ₹6,263.56 crore in March. Flexi-cap funds had an inflow of ₹10,147.85 crore in April, slightly up from ₹10,054.12 crore in March. Sectoral and thematic funds saw an inflow of ₹1,949.36 crore, down from ₹2,698.82 crore in March.
In the debt fund category, April saw an inflow of ₹2.47 trillion, while March recorded an outflow of ₹2.94 trillion.
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