Equity Mutual Funds inflows hit 4-mth low of `6,108 crore in April

New Delhi: Inflows into equity mutual funds (MFs) dropped to a four-month low of Rs 6,108 crore in April amid uncertainty triggered by the Covid-19 crisis. Overall, the mutual fund industry witnessed a net inflow of Rs 45,999 crore across all segments last month as compared to an outflow of Rs2.13 lakh crore in March, according to a latest data from the Association of Mutual Funds in India (Amfi).

"In the midst of uncertainty over the possible impact of the lockdown, due to Covid-19 pandemic, on the global as well as domestic economy, investors are looking at this scenario as an investment opportunity," said Himanshu Srivastava, a senior analyst and manager (research), Morningstar Investment Adviser India. As per the data, inflows into equity and equity-linked open ended schemes stood at Rs 6,213 crore, while an outflow of Rs 105 crore was seen from close-ended funds, taking the net inflow to Rs 6,108 crore.

In March, such schemes attracted a net infusion of Rs 11,485 crore, which was the highest level in one year. Prior to this, equity schemes saw an investment Rs 10,760 crore in February, Rs 7,547 crore in January and Rs 4,432 crore in December. The month of April witnessed a relief rally in the markets on the back of measures taken by the government and RBI to boost the domestic economy. Besides, selective relaxation in lockdown to kickstart economic activity too helped in improving the sentiments.