Multi cap fund remained top grosser for April 2019

AMFI data showed that among domestic mutual funds, multi-cap funds garnered the highest share in the month of April 2019. A total of Rs. 4,371 crore was invested in this category of funds in April. It is almost a quarter of the total funds received in equity-oriented schemes. In terms of net inflows, it forms around 40 per cent of the inflows.

It is said that multi-cap funds are best suited for volatiles times. This is because when you are not sure where the equity market is headed for, it is better to diversify your investment in all caps. This is exactly what we are witnessing now. Out of the total net inflows of Rs. 4,608 crore in equity-oriented schemes, Rs. 1,873.06 crore is invested in multi-cap funds.

Equity-dedicated funds have seen tepid inflows in the month of April, however, debt-oriented schemes saw an inflow of Rs. 1.2 lakh crore during the same period. The liquid funds garnered major net inflows. They constituted almost three-quarters of the total inflows into debt funds. The category which saw the worst inflows were Hybrid schemes. They saw a net outflow of Rs. 1,614 crore. Among this category, the balanced/aggressive hybrid fund saw the worst outflows to the tune of Rs. 4,337 crore.

The impact of all the above inflows and outflows was that domestic AUM saw sequential growth of 4.2 per cent and the total AUM figure stood at Rs. 24.78 lakh crore in April.