Record inflows for Debt Oriented Schemes in April 2023, Highest since November 2020
In a positive turnaround, the mutual fund industry experienced net inflows in April 2023, following net outflows in the previous month. The industry witnessed robust net inflows of Rs. 1.21 lakh crore, a significant increase compared to the net outflows of Rs. 0.19 lakh crore in March 2023. This substantial?increase was due to strong inflows in Debt Oriented Schemes and a shift from net outflows to net inflows in Hybrid Schemes.
After a series of outflows from December 2022 to March 2023, open-ended Debt Oriented Schemes experienced a significant shift in April 2023. It witnessed inflows of Rs. 1.06 lakh crore, with liquid schemes accounting for almost 60% of the inflow. This positive trend was observed across all debt-oriented segments, except for Credit Risk Fund and Banking & PSU Fund categories.
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Inflows in Equity Oriented Schemes fell to their lowest in five months in April. Net inflows into open-ended equity mutual funds slumped by 68% to Rs 0.06 lakh crore in April 2023 over the previous month. Despite the fall, equity fund inflows have remained in the positive zone for 26 straight months since March 2021.
Hybrid category witnessed net inflow of Rs. 0.03 lakh crore compared to net outflow of Rs. 0.12 lakh crore in the previous month. Arbitrage Fund witnessed the maximum inflow followed by Multi Asset Allocation Fund.
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Under Other Schemes, we observed contrasting trends. Other ETFs and Gold ETF experienced net inflows during the month, marking a positive shift from net outflows in the previous month. However, there were net outflows in Fund of Funds investing overseas, which contrasts with the inflows witnessed in the previous month.
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