MF inflows surge to eight month peak as SIPs offset foreign exits

SIPs hit an unprecedented level even as markets wobbled

Equity mutual fund inflows in March jumped to their highest level in eight months, underscoring steadfast domestic investor demand despite market turbulence. Higher local buying helped offset recent foreign fund outflows. The biggest surprise was a sharp rise in SIP contributions, which reportedly reached record levels, reinforcing the growing role of disciplined monthly investing.