NEW DELHI: Investments in equity mutual funds stood at Rs 22,633 crore in March last year, the Association of Mutual Funds of India (Ambi) said. This is 16 percent lower than last February's Rs 26,866 crore.
Following disciplinary action by SEBI, investments of Rs 94 crore were withdrawn from small cap funds last month. Overall, an investment of Rs 40,188 crore has been made in this sector in the last financial year.
Inflows into mid-cap companies fell 44 per cent to Rs 1,018 crore in March compared to February. Surprisingly, investments in 'large cap' companies rose by 131 per cent to Rs 2,128 crore last month.
Investments in 'hybrid' funds fell 69 per cent to Rs 5,583 crore in March from Rs 12,105 crore in February.
A maximum of Rs 1.98 lakh crore was withdrawn from debt mutual funds last month. 63,808 crores had been invested in this segment in the month of February.
The value of assets under management by mutual companies declined marginally to Rs 53.40 lakh crore in March.