Thanks to a growing sense of investors’ confidence and a higher retail participation in mutual funds, inflow to equity funds witnessed a considerable surge in the month of January.
Overall inflow to equity mutual funds surged to ₹12,546 crore in January from 7,303 crore in Dec, reporting an increase in 71.79 percent, the latest Association of Mutual Funds of India (AMFI) data reveals.
The debt funds, at the same time, witnessed an outflow to the tune of ₹10,316 crore against ₹21,946 crore in December.
The number of systematic investment plans (SIPs) also saw a significant rise as the new SIPs which were added in the month of January were 22.65 lakh, while the number of SIPs discontinued/ matured stood at over 13.42 lakh, reporting a net increase of 9.23 lakh in just one month.
The value of SIPs also rose from ₹13,578 crore in December to ₹13,856 crore in January.
| Category | Jan ( ₹crore) | Dec ( ₹crore) |
| Equity | 12,546.51 | 7,303 |
| Debt | -10,316.15 | -21,946 |
| Hybrid | 4,491.9 | 2,255 |
(Source AMFI)
Most other funds saw a higher inflow vis-à-vis the previous month’s figures.
Among the new fund schemes, there were 12 open ended and six close ended ones. As far as open-ended schemes are concerned, there were two new debt schemes, one multi cap, one hybrid, six index funds and two other ETFs, raising a total of ₹3,571 crore.
Among the close-ended schemes, there were half a dozen schemes in the debt/ income category that collectively raised ₹851 crore, shows the data released by AMFI.
While commenting on a higher inflow of equity mutual funds, N S Venkatesh, CEO of AMFI, says, “Retail investors have reposed their faith in mutual funds, which is reflected in a positive uptrend in the equity funds.”
