The mutual fund industry received net inflow of Rs 1.7 lakh crore in April 2016 with liquid and money market segments contributing the most. The corresponding figure for April 2015 was Rs 1.1 lakh crore. According to Association of Mutual Funds in India (AMFI) data, the investors poured in a net investment of Rs 1,70,161 crore in April 2016 as against a net outflow of Rs 73,113 crore in March 2016.
Liquid or money market segment saw net investment of Rs 1.34 lakh crore in April 2016 while equity schemes saw net inflows of Rs 4,438 crore. Additionally, the balanced fund segment witnessed net investment of Rs 31,448 crore.
Usually, liquid funds witness heavy outflow towards the end of March as banks withdraw from liquid funds to pay their financial commitments and advance taxes. The trend gets reversed in April as the corporates reinvest their surpluses in liquid funds.
Meanwhile, the total Assets Under Management (AUM) of all the fund houses increased from Rs 12.33 lakh crore at the end of March 2016 to reach an all-time high of Rs 14.22 lakh crore at the end of April 2016.