Record Surge in Equity Fund Inflows to Rs 26,866 crore
Equity fund inflows surged by 23% to reach Rs 26,866 crore in February, marking the highest monthly infusion in 23 months for the mutual fund industry.
According to data from the Association of Mutual Funds in India (AMFI), the total inflow in February stood at Rs 1.2 lakh crore, nearly matching the previous month’s figures.
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Monthly systematic investment plan (SIP) contributions also hit a record high, reaching Rs 19,186 crore, surpassing January’s Rs 18,838 crore.
This significant increase in SIP accounts, totaling 8.20 crore with 49.79 lakh new registrations, reflects investors’ steadfast commitment to disciplined wealth accumulation, as highlighted by Venkat Chalasani, Chief Executive of AMFI.
In terms of asset class performance, debt funds recorded net inflows of Rs 63,809 crore in February, compared to Rs 76,469 crore in January.
Gold ETFs also experienced a notable uptick in net flows, reaching Rs 997 crore in February, up from Rs 657 crore in the prior month. Notably, the launch of Zerodha Gold ETF contributed Rs 35 crore to the category’s inflows during the month.
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Among the equity asset class, Sectoral/Thematic Funds emerged as the top performers, attracting inflows of Rs 11,262.70 crore.
This data underscores the increasing investor interest in specific sectors or themes within the equity market.
The overall positive trends in fund inflows and SIP contributions reflect a robust investor sentiment and a growing appetite for various investment avenues in the mutual fund industry. Record Surge in Equity Fund Inflows to Rs 26,866 crore
