Mutual Funds Latest Trend/Amfi : Investors have become cautious after the kind of growth seen in smallcap and midcap in the last several months. The result has been that in March 2024, for the first time in the last 2.5 years, investors have invested in small cap equity mutual funds (Smallcap Mutual Funds) Money has been withdrawn from. That means, for the first time in 2.5 years, outflow has been seen in small caps. Due to this, the flow in equity mutual funds has also decreased by 16 percent on monthly basis. The total investment in equity category in the financial year 2024 has been Rs 1.84 lakh crore.
Decrease in investment in equity scheme
According to the latest data of Amfi, investment in equity schemes was Rs 22,633.15 crore in March as compared to Rs 26,865.78 crore in February (Mutual Funds Investment Trend) Stayed. In the equity category, investment has come in all other categories except smallcap funds. The asset under management of mutual fund companies was Rs 53.4 lakh crore at the end of last month i.e. till March 31, 2024, which was Rs 54.54 lakh crore at the end of February 2024.
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Alert not only on smallcap but also on midcap
Smallcap funds saw an outflow of Rs 94.2 crore in March 2024. Before this, in September 2021, an outflow of Rs 248.73 crore was seen in smallcap. According to the Association of Mutual Funds in India (Amfi), in March midcap funds (Midcap Mutual Funds) A decline of 43 percent was seen in inflow on monthly basis and it stood at Rs 1017.69 crore. This was the slowest pace of investment since the inflow of Rs 376.19 crore in October 2021. Due to outflow in smallcaps and slowdown in midcap inflows, total net equity inflows declined by 16 per cent to Rs 22,633 crore in March.
Sectoral/thematic funds received inflows of Rs 7,917.72 crore in March compared to Rs 11,262.72 crore in February. In FY24, sectoral/thematic funds received the highest inflows of Rs 46,137.86 crore among all equity categories. Large and Midcap funds managed to increase investor interest with the second largest investment of Rs 3,215.58 crore. Flexicap funds stood third with inflows of Rs 2,738.11 crore in March. There was an inflow of Rs 1789 crore in ELSS.
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Huge withdrawal in debt mutual funds
The maximum withdrawal of Rs 1.98 lakh crore took place from debt mutual funds in March. A total inflow of Rs 63,808.82 crore was seen in this category in February. In the debt category, outflows were seen in all categories except long duration funds, banking & PSU and gilt funds with 10-year constant duration funds.
Selling in liquid funds
Liquid funds recorded the highest outflow of about Rs 1.57 lakh crore in March as against inflow of Rs 83,642.33 crore in February. Ultra-short duration funds saw outflows of around Rs 9,134.95 crore.
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Money came into long duration fund, money market
Long term funds saw inflows of Rs 772.29 crore, while Banking & PSU funds saw inflows of Rs 231.68 crore. After this, an inflow of Rs 58.04 crore was seen in 10-year constant duration gilt funds. In FY24, overnight funds saw an outflow of Rs 41,204.67 crore. Whereas during this period an inflow of Rs 29,859.01 crore was seen in money market funds.
hindi.financialexpress.com