Record Inflows in Equity Mutual Funds and SIPs in March 2023
Equity MF inflows see massive spurt in March, SIP inflows hit record high above Rs 32K
Business Standard
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In March 2023, actively managed equity mutual funds in India recorded a net inflow of ₹40,450 crore (approximately $4.9 billion USD), a 56% increase from February. Additionally, monthly Systematic Investment Plan (SIP) contributions reached a record high of ₹32,087 crore (around $3.9 billion USD).
- 01Equity mutual funds saw net inflows of ₹40,450 crore in March 2023.
- 02SIP contributions reached a record high of ₹32,087 crore.
- 03Flexi Cap funds recorded their highest-ever inflow at ₹10,054 crore.
- 04Debt funds experienced significant outflows of ₹2.94 lakh crore.
- 05Small and Mid-Cap funds saw inflows rise by 61% and 51%, respectively.
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In March 2023, actively managed equity mutual funds in India experienced a remarkable net inflow of ₹40,450.26 crore (approximately $4.9 billion USD), marking a 56% increase from ₹25,977.81 crore in February. This surge is the highest since July 2025, according to data from the Association of Mutual Funds in India. Notably, the inflows across various equity categories also rose, with Flexi Cap funds achieving their highest-ever monthly inflow at ₹10,054 crore. Small and Mid-Cap funds saw inflows increase by 61% and 51%, respectively. Meanwhile, monthly SIP contributions hit a record high of ₹32,087 crore (around $3.9 billion USD), up from ₹29,845 crore in February. In contrast, the overall industry faced significant outflows, totaling ₹2.39 lakh crore (approximately $28.8 billion USD), with debt funds witnessing a sharp outflow of ₹2.94 lakh crore. The financial landscape reflects a strong preference for equity investments amidst the volatility in debt markets.
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The significant inflows into equity mutual funds indicate a growing investor confidence in the market, which may lead to increased capital availability for businesses and economic growth.
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