MUMBAI, April 16 -- After eight months of net outflows, equity mutual funds attracted net inflows of '7,376 crore in March, with all categories of open-ended funds barring multi-cap, value and contra funds reporting inflows.
Closed-ended equity schemes, however, saw net outflows of '1,739 crore due to maturing of the schemes, data released by the Association of Mutual Funds of India (Amfi) showed. Of the total net inflows, systematic investment plans accounted for '9,182 crore in March, a substantial jump over February's '7,528 crore.
Total flows into equity funds were the highest since March 2020. However, according to N.S. Venkatesh, chief executive officer, Amfi, some of these inflows were due to holidays at the end of February, which ...