A curated summary of key trends shaping the Indian mutual fund landscape — AUM movements, category flows, SIP momentum, and market context for March 2026.
Key Highlights · March 2026
What moved the market this month
61st consecutive month of positive inflows. Flexi-cap led at ₹10,054 Cr for the 8th straight month.
AUM ↓9.7% to ₹31.98L CrAssets of debt-oriented schemes declined 15.0% on-month to ₹16.52 lakh crore in March.
10Y G-sec 7.02% · crude above $100Hybrid fund outflows led by arbitrage, partly offset by multi-asset allocation inflows.
Hybrid AUM ₹10.35L CrPassive assets declined due to MTM losses; other ETFs emerged as the largest contributor.
Passive AUM ₹14.12L CrSIP crossed ₹32,000 Cr for the first time; contributing accounts rose to 9.72 Cr in March.
20.5% of industry AUM · +23.8% YoYSensex fell 11.5% to 71,948 and Nifty 50 declined 11.3% to 22,331 amid geopolitical tensions.
FIIs sold ₹1,17,775 Cr · DIIs bought ₹1,42,960 Cr
