AMC & product-related updates
Equity mutual fund inflows rose sharply in March. Total inflows increased 56% to ₹40,450 crore, marking an eight-month high. Large-cap fund inflows rose 42% month-on-month to ₹2,998 crore, while mid-cap funds saw record inflows of ₹6,064 crore.
Gold ETF inflows declined to ₹2,265.68 crore in March, down from ₹5,254.95 crore in February. Silver ETFs continued to see outflows during the same period.
A new fund launch was announced in the index category. Axis Mutual Fund introduced the Nifty India Defence Index Fund, with the NFO open from April 10 to April 24.
Regulatory & policy developments
Exchanges have extended the validity period for SME IPO approvals, following earlier relief measures for mainboard IPOs. This allows additional time for companies to launch their offerings amid ongoing market conditions.
RBI continued liquidity management actions. A ₹2 lakh crore VRRR auction was conducted, with ₹2,00,041 crore accepted at a cut-off rate of 5.24% to absorb surplus liquidity.
Banks have exited arbitrage positions worth up to $40 billion ahead of regulatory deadlines. There are currently no open positions in the NDF market for banks.
India is also planning to introduce reporting requirements for offshore rupee derivative trades to improve transparency in currency markets.
Mutual fund & distribution signals
AMFI data showed mixed trends. Net AUM stood at ₹73.73 lakh crore in March, compared to ₹82.02 lakh crore in February. However, average AUM remained at ₹79.46 lakh crore.
SIP trends showed divergence. Contributions reached record levels, but stoppages exceeded new registrations, with the stoppage ratio crossing 100%.
Debt mutual funds saw outflows of ₹2.94 lakh crore in March, mainly due to redemptions in liquid and money market categories.
Markets & sectoral trends
Indian markets recorded strong weekly performance, ending a six-week losing streak and posting their best weekly gains in five years.
Over a longer period, returns have remained flat in dollar terms since September 2021, influenced by currency movement, foreign investor flows and oil prices.
Sector-level developments continue. India’s nuclear energy push is expected to support domestic engineering companies, while global factors such as energy prices and geopolitical developments remain in focus.
Corporate actions, capital flows & business developments
Primary market activity continues. Vishal Nirmiti received SEBI approval for its IPO, while PropShare Celestia REIT launched a ₹244 crore offering with a price band of ₹10 lakh to ₹10.5 lakh per unit.
Anand Rathi Wealth has set a target of ₹1.2 lakh crore AUM while maintaining profit growth guidance of 20–25%.
India’s forex reserves rose by $9.06 billion to $697.12 billion for the week ended April 3.
On the global front, US inflation rose by 0.9% in March, marking the highest monthly increase since 2022.
ADB projects India’s growth at 6.9% in 2026 and 7.3% in 2027, with energy prices and geopolitical risks highlighted as factors.
Source: Moneycontrol, CNBC TV18, Business Standard
Disclaimer: The content shared above is intended solely for general awareness and educational purposes for mutual fund and financial product distributors. It does not constitute investment advice, solicitation, or a recommendation of any kind. Investments in securities markets are subject to market risks. Distributors and investors should review all relevant documents carefully before making any decision.
