The mutual fund industry recovered strongly in April 2026, with Average AUM rising to ₹81.94 lakh crore from ₹79.46 lakh crore in March, supported by total net inflows of ₹3.22 lakh crore, largely led by heavy debt inflows.
Equity-oriented inflows moderated by 5% to ₹38,440 crore in April, weighed by near-term caution from higher crude prices amid the Iran conflict and fewer working days, even as broader investor conviction stayed intact.
Hybrid funds witnessed a sharp turnaround with net inflows of ₹20,565 crore, driven by a strong reversal in Arbitrage funds as institutional money returned post the year-end pullout.
Passive fund inflows moderated to ₹20,082 crore as Index Funds and Other ETFs normalised, while Gold ETFs attracted steady inflows on safe-haven demand and FoFs investing overseas saw a sharp uptick.
Debt mutual funds recorded an all-time high monthly net inflow of ₹2.47 lakh crore, with record inflows of ₹1.65 lakh crore into liquid funds, as corporates redeployed treasury cash withdrawn in March for advance tax and GST payments.
SIP inflows eased marginally to ₹31,115 crore from March’s record level, but remained historically strong, reflecting sustained retail commitment.
Overall, April 2026 reflects a strong post financial year-end normalisation, with record debt inflows, resilient equity participation, and steady SIP momentum lifting industry AUM higher.