Inflows into equity mutual funds saw a marginal decline of 3.6% in January, according to data released by the Association of Mutual Funds in India (AMFI). Total inflows reached Rs 39,687 crore, compared to Rs 41,155 crore in December. Despite this slight dip, net investments into open-ended equity funds remained positive for the 47th consecutive month.
The total number of mutual fund folios reached 22,91,99,377 in January 2025. Retail folios (comprising equity, hybrid, and solution-oriented schemes) increased to 182,223,078, up from 178,993,911 in December 2024. However, retail assets under management (AUM) for these schemes decreased to Rs 38,77,595 crore in January from Rs 39,91,313 crore in December.
Systematic Investment Plan (SIP) contributions remained robust, exceeding Rs 26,000 crore for the second consecutive month. January's SIP inflow totaled Rs 26,400 crore, slightly below the Rs 26,459 crore recorded in December.
The decline in overall equity inflows was primarily driven by lower contributions to sectoral/thematic funds. Sectoral/thematic funds saw inflows decrease to Rs 9,016.60 crore in January from Rs 15,331.54 crore in December.
In other fund categories, dynamic asset allocation funds experienced a decrease in inflows, falling to Rs 1,512 crore from Rs 1,596 crore in December. Conversely, inflows into index funds increased to Rs 5,254 crore compared to Rs 4,785 crore in the previous month.
Twelve new fund offers (NFOs) were launched in January, raising a total of Rs 4,544 crore. These included five equity funds, two debt funds, four index funds, and one ETF.