The mutual fund industry data for March remained strong despite market volatility, with equity inflows hitting record levels and SIP contributions staying robust, according to Anil Singhvi.
Speaking in a Mutual Fund Masterclass, Singhvi said, “March data is strong. Equity investment in mutual funds is at a record high level.” He highlighted that inflows into equity funds rose sharply to around Rs 44,500 crore in March compared to about Rs 29,000 crore in February, indicating sustained investor confidence despite market correction.
AUM declines due to debt outflows
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However, the overall assets under management (AUM) of the mutual fund industry declined to around Rs 73.7 lakh crore from Rs 82 lakh…
