This also marks the 38th consecutive month of net inflows in equity funds, starting from March 2021, data with the Association of Mutual Funds in India (AMFI) showed on Thursday.
Despite the decline in inflow, monthly Systematic Investment Plan (SIP) contributions crossed the Rs 20,000 crore-mark and reached an all-time high of Rs 20,371 crore in April compared to Rs 19,271 crore in the previous month. Further, SIP accounts surged to 8.7 crore in April with 63.65 lakh new registrations.
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