AMFI data for the month of April shows that net inflows in equity funds saw a sharp decline and stands at Rs 4,608 crore, down by 48% (MoM). Hybrid schemes saw an outflow of Rs 1,614 crore. On the other hand SIP contribution stood at Rs 8,238 crore, up by 2.27% (MoM). MF assets under management stood at Rs 25.27 lakh crore, up by 6.2% and total net inflows came in at Rs 1 lakh crore. Swarup Mohanty, Mirae Asset, shares his views on the AMFI data.