March SIP inflows steady amid tariff tremors, sending HDFC and ABSL AMC shares higher by up to 5%

The shares of mutual fund companies surged on April 11 after AMFI released data on equity fund inflows in March. SIP inflows remained steady at Rs 25,926 crore in March, recording only a marginal fall from February despite global uncertainties.

At 12:50 pm, the shares of Nippon Life India Asset Management Company surged over 5 percent to trade at Rs 555 apiece. HDFC AMC shares also jumped nearly 5 percent to trade at Rs 3,976 apiece. Aditya Birla Sun Life AMC shares meanwhile climbed over 2 percent to trade at Rs 634 apiece.

Motilal Oswal Financial Services shares rose over 3 percent to trade at Rs 594 apiece, while Angel One stock was trading over 2 percent higher at Rs 2,275 apiece. UTI Asset Management Company shares, however, bucked the trend to trade in the red with marginal losses.

Data released by the Association of Mutual Funds of India (AMFI) on April 11 showed that net inflows into equity mutual funds dropped 14 percent to Rs 25,082.01 crore in March. This came on the back of global uncertainties surrounding US President Donald Trump's then-threatened reciprocal tariffs. Notably, benchmark indices had however recorded strong gains during the month, with Sensex and Nifty jumping nearly 6 percent each.