Compared to March 2020, equity mutual funds net inflows declined by 47 per cent, reveals data released by Association of Mutual Funds in India (AMFI). The net inflows into equity schemes of mutual funds stood at Rs 6,212.96 crore in April as compared to Rs 11,722.74 crore in March as investors turned cautious on concerns over the pandemic. However, when compared to Year-on-Year (Y-o-Y) growth, the same equity mutual funds net inflows were up by 34 per cent growth largely in large and multi cap schemes. “Except for Dividend Yield Fund category, all other equity-oriented mutual fund categories registered net inflows during the month of March. The segment witnessed a net inflow of Rs 6,213 crore, comparatively lower than the net Inflow of Rs 11,723 crore recorded in the previous month. Given the sentiments in the market, large cap and multi cap fund categories attracted a maximum net inflows of Rs 1,691 crore and Rs 1,240 crore respectively,” says Himanshu Srivastava, Senior Analyst Manager Research, Morningstar Investment Adviser India.