Equity mutual funds witnessed a net inflow for the second month running in April of Rs 3,437 crore despite headwinds such as the second Covid-19 wave and the spate of regional lockdowns. The inflow in March was, however, much higher at Rs 9,115 crore.

According to data from the Association of Mutual Funds in India (Amfi), within equity schemes, sectoral or thematic funds led the preference list of investors as they witnessed an inflow of Rs 1,705.14 crore.

They were followed by mid-cap funds at Rs 958.17 crore and large & mid-cap funds, Rs 708 crore.

Some of the other segments which saw net inflows included focused funds and flexi-cap funds. Equity linked saving schemes (ELSS) witnessed a net outflow of Rs 137 crore.

Equity schemes had consistently seen outflows for eight straight months from July 2020 to February 2021.

Overall, the mutual fund industry witnessed an inflow of Rs 92,906 crore across all segments during the period compared with an outflow of Rs 29,745 crore in March.

Income or debt oriented schemes faced an inflow of Rs 1,00,903 crore. They were led by liquid schemes which got an inflow of a little over Rs 41,507 crore.