In March, net inflows into equity funds stood at Rs 11,756 crore. Latest data from the Association of Mutual Funds in India (AMFI) showed that net inflows into these funds dropped 60.79 percent in April compared to the previous month.

The average Assets Under Management (AUM) of the mutual funds rose to Rs 25.27 lakh crore in April. In the same month a year ago, the same was at Rs 23.25 lakh crore. The Fixed Maturity Plans (FMPs) witnessed a net outflow of Rs 17,644 crore last month while net outflow from debt-oriented schemes stood at Rs 18,949.76 crore, as per AMFI. Net AUM in FMPs stood at Rs 1,41,170 crore in April. FMPs are close-ended mutual fund schemes that invest in debt instruments.