Despite the massive market collapse amid the coronavirus crisis, the inflow into equity mutual funds stood at a one-year high in March. As per Association of Mutual Funds in India (AMFI) data released on Thursday, the equity inflows stood at Rs 11,485 crore in March.

In February, the number was around Rs 10,730 crore and in January, it was Rs 7,548 crore.

Also read: Why retail investors are lapping up equity mutual funds on the fall

According to the data, inflows into equity and equity-linked open-ended schemes was at Rs 11,723 crore, while an outflow of Rs 238 crore was seen from close-ended funds, taking the net inflow to Rs 11,485 crore.

Multi-cap, large-cap, ELSS (equity-linked saving schemes) and mid-cap saw inflows of Rs 2,268 crore, Rs 2,060 crore, Rs 1,551 crore and Rs 1,233 crore, respectively, during the month under review.

Overall, the mutual fund industry witnessed a net outflow of Rs 2.13 lakh crore across all segments, mainly owing to withdrawal from liquid or money market category, according to AMFI.