Ending the four-month losing streak, inflows into equity mutual funds gained momentum in the March month tracking a rebound in stock market. As per the data released by the AFMI, net inflows into equity funds including ELSS more than doubled in comparison to the last month to Rs. 11,756 crore in March. During the time period, Nifty registered a surge of 7.7% after February's low.

In total, the industry recorded a net outflow to the tune of Rs. 22,357 crore which is more in comparison to the outflow from all of the schemes of Rs. 20,083 crore in the month of February. And, liquid funds has been a major contributor among all of the funds that witnessed an outflow. The schema of funds used for parking short term surplus has seen the highest redemption of Rs. 51,343 crore.

During the month, income funds saw inflow of Rs. 13,856 crore, the highest since October 2017. Balanced funds saw redemption for the third-straight month with an outflow of Rs 3,181 crore.

In all, the total assets under management of the industry spiked by 3% on a month on month basis to Rs 23.79 lakh crore.

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