Equity mutual funds witness record inflows of Rs 28,000 crore in March

Surge in inflows into multicap funds was largely due to the NFO of SBI Multicap fund which garnered Rs 8,170 crore

Equity mutual funds (MFs) saw record inflows in March supported by strong equity markets and new fund offerings (NFOs). The data from Association of Mutual Funds in India (Amfi) shows that equity funds saw net inflows of Rs 28,463.49 crore, with most flows coming into multicap funds.

In March, S&P BSE Sensex Index was up by 4 per cent, while S&P BSE Midcap Index and S&P BSE Smallcap Index gained 3.22 per cent and 5.83