Equity Mutual Fund Inflows Ease in April; Overall AUM Hits Record High

Net inflows into Indian equity mutual funds softened in April 2025, falling 3.2% month-on-month to ₹24,253 crore, down from ₹25,017 crore in March, according to the latest data from the Association of Mutual Funds in India (AMFI).

This marks the lowest monthly inflow since April 2024 and the fourth consecutive month of decline, with total inflows now equivalent to just under $3 billion.

Despite the tapering in equity fund inflows, the mutual fund industry’s total assets under management (AUM) surged to a fresh all-time high of ₹70 lakh crore in April, rising from ₹65.74 lakh crore in the previous month.

Equity and Hybrid Fund Trends

Large-cap equity funds reversed a two-month decline, attracting ₹2,671.46 crore in April, up from ₹2,479.31 crore in March.

Mid-cap fund inflows moderated slightly to ₹3,313 crore, compared to ₹3,438.87 crore the previous month. Meanwhile, small-cap funds continued to show resilience with inflows of ₹3,999.95 crore, marginally down from ₹4,092 crore in March.

Dividend yield funds witnessed a sharp drop in investor interest, garnering only ₹51.17 crore in April, down significantly from ₹140.5 crore in March.

Surge in Liquid and Passive Fund Categories

Liquid funds staged a dramatic turnaround, posting robust inflows of ₹1.18 lakh crore in April, in contrast to heavy outflows of ₹1.33 lakh crore in March.

Sectoral and thematic funds also bounced back strongly, recording net inflows of ₹2,000 crore in April, a steep recovery from just ₹170 crore in March.

Exchange-Traded Funds (ETFs) continued their growth trajectory with inflows more than doubling to ₹19,056.7 crore from ₹10,962 crore the previous month.

However, Gold ETFs continued to face investor scepticism, witnessing outflows of ₹5.82 crore in April, following ₹77 crore in redemptions in March.

Debt Segment Dynamics

Corporate bond funds attracted renewed interest, registering net inflows of ₹3,458 crore, a notable reversal from the ₹414 crore outflow in March.

On the flip side, credit risk funds saw outflows of ₹301.7 crore in April, slightly up from ₹294 crore in March, reflecting continued cautious sentiment in higher-risk debt categories.

Conclusion

While equity mutual fund inflows showed a modest decline for the fourth consecutive month in April 2025, the broader mutual fund industry remained robust, with total AUM scaling a new peak of ₹70 lakh crore.

Want to plan regular withdrawals? Our SWP Calculator helps you calculate how much you can withdraw while keeping your investments intact. Try it now!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.