Inflows (ex- new fund offers or NFOs) into equity funds continued to rise and came to a record high at Rs 20,300 crore in March 2022 compared to Rs 17 800 crore in February 2022. Systematic investment plan (SIP) inflows continued to rise and came in strong at Rs 12,300 crore in March.

Net inflows have been higher in the last four months at lower market levels. In the last few years, every sharp market fall has witnessed higher inflows indicating maturity among retail investors, highlighted brokerage house ICICI Securities in a note on the mutual fund (MF) activity for the previous month.

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As per the report, GMR Infrastructure Ltd, Coforge, Biocon, Sundaram Finance, Star Health and Allied Insurance Company, GR Infraprojects, Bandhan Bank, Indian Hotels Company, Laurus Labs, Max Healthcare Institute are the top ten midcap stocks that asset management companies (AMCs) bought in March.

Under small-caps, the fund houses bought stocks that include Gulshan Polyols, HEG, Stove Kraft, TV18 Broadcast, Supreme Petrochem, Intellect Design Arena, Avanti Feeds, Dodla Dairy, Garware Technical Fibres and Granules India during the month under review.

All the equity-oriented schemes received net inflows in March 2022 with the multi-cap fund category being the biggest recipient with net inflows of Rs 9,695 crore, followed by large and mid-cap funds and significant cap funds.