Inflows into equity MFs surge to one-year high of Rs 11,485 cr in March

The outflow has pulled down the assets under management of the 44-players mutual fund industry to Rs 22.26 trillion in March-end from Rs 27.23 trillion in February-end

Inflows into equity mutual funds surged to Rs 11,485 crore in March, the highest level in a year, even as the broader market witnessed heavy volatility amid concerns over the impact of coronavirus.

Overall, the mutual fund industry witnessed a net outflow of Rs 2.13 trillion across all segments, mainly owing to withdrawal from liquid or money market category, data by the Association of Mutual Funds in India showed on Thursday. In comparison, an outflow of just Rs 1,985 crore was seen in February.