Equity category witnessed an increase in total inflows by approximately 28% month-on-month (MoM) in January, according to the AMFI data. The inflows in January stood at Rs 21,780.56 crore as against Rs 16,997.09 crore in December. In the equity segment, all categories except for focussed funds received inflows last month.
The sectoral/thematic funds again managed to gain investors’ interest as the category saw the highest inflows to the tune of Rs 4,804.69 crore in January compared to Rs 6,005.49 crore in December. Smallcap funds witnessed the second-highest inflows of Rs 3,256.98 crore.
The multi-cap fund category received an inflow of Rs 3,038.67 crore. Largecap funds witnessed inflows of around Rs 1,287.05 crore as against an outflow of Rs 280.94 crore in December. The focussed fund category witnessed an outflow of Rs 201.83 crore last month as against an outflow of Rs 490.96 crore in December.
The debt mutual funds witnessed an inflow last month to the tune of Rs 76,468.96 crore compared to an outflow of Rs 75,559.93 crore in December. Most categories except for short duration fund, medium duration, dynamic bond fund, credit risk, banking and PSU categories saw inflows in January.
Liquid funds recorded the highest inflows in January of around Rs 49,467.67 crore as against an outflow of Rs 39,675.27 crore in December. Money market funds witnessed second-highest inflows of around Rs 10,651.05 crore.
Banking and PSU fund category saw the highest outflows of Rs 501.01 crore as against an outflow of Rs 660.84 crore in December.
Meanwhile, credit risk funds witnessed an outflow of Rs 302.68 crore compared to an outflow of Rs 367.50 crore in December.
Short duration funds witnessed the highest inflow of Rs 595.20 crore in December, compared to an outflow of Rs 413.75 crore in November.
The inflows in hybrid fund categories rose by 37% MoM in January. The category received a total inflow of Rs 20,636.99 crore in January compared to an inflow of Rs 15,009.30 crore in December. All hybrid categories witnessed inflows in January. Arbitrage funds received the highest inflows of Rs 10,608.39 crore as against an inflow of Rs 10,645.16 crore in December.
Multi asset allocation funds witnessed the second highest inflow of Rs 7,079.52 crore in January, followed by dynamic asset allocation/balanced advantage fund which received an inflow of Rs 1,339.88 crore in January.
The ‘others’ category, which includes index funds and ETFs, witnessed an inflow of Rs 3,982.85 crore in January as against an inflow of Rs 572.83 crore in December. All categories received funds except for fund of funds investing overseas. Index funds continued to remain investors’ favourite. The category received the highest inflows of Rs 2,987.99 crore in January as against an inflow of Rs 703.20 crore in December.
Gold ETF received a total inflow of Rs 657.46 crore, followed by Other ETFs that received inflow of Rs 571.19 crore in January. Fund of funds investing overseas logged an outflow of Rs 233.79 crore in January.
The total assets under management (AUM) of mutual funds increased by approximately 4% and stood at Rs 52.74 lakh crore in January, as against Rs 50.77 lakh crore in December.
Around 17 open-ended NFOs were floated in January, which together mobilised Rs 6,433 crore. Three close-ended NFOs were floated in January which mobilised Rs 384 crore.