The mutual fund industry witnessed a dip in net equity inflows in March 2025, which came in at ₹25,017 crore, compared to ₹29,241.78 crore in February. Despite the lower inflows, the total assets under management (AUM) saw a sequential rise to ₹65.74 lakh crore from ₹64.53 lakh crore, indicating a broader market uptrend and continued investor participation.
According to data released by the Association of Mutual Funds in India (AMFI), category-wise inflow trends showed mixed performance.
Large cap funds continued to witness outflows, though slightly moderated. Outflows stood at ₹2,479.31 crore in March, down from ₹2,866 crore in February.
Small cap funds saw a rise in inflows, growing to ₹4,092.12 crore in March from ₹3,722.5 crore in the previous month, reflecting sustained investor appetite for high-growth opportunities in the segment.
On the other hand, midcap fund inflows experienced a sharp decline. Inflows fell to ₹946.56 crore in March, significantly lower than the ₹6,804 crore recorded in February.
Overall, while the net equity inflows declined on a month-on-month basis, the increase in total AUM suggests that investor interest in mutual funds remains steady, with selective focus shifting between categories.
