Last month’s figure was the highest since March 2022 that saw net inflows of ₹28463.49 crore. This enabled the bellwether Nifty to recover from a crucial support of 16,828 points on 20 March to close 2.2% higher at 17,205 by the month-end. SIP contributions hit a record high of ₹14,276.06 crore in March.
“SIP inflows continue to soar, breaking the record on a month-on-month basis—it would not be an overkill to say that the retail investor is the hero of the markets," said N. S. Venkatesh, chief executive at Association of Mutual Funds in India (Amfi).
Monthly SIP flows have stayed consistently above the ₹13,000 crore mark since October.
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