Record high SIPs, new funds power 23% jump in February MF flows,  20 new funds raise over  Rs 11,000 crore

In a recent announcement by the Association of Mutual Funds in India (AMFI), the equity category witnessed a substantial surge in inflows during the month of February. The data revealed a noteworthy increase of 23.3%, with total inflows amounting to ₹26,866 crore.

Small-cap funds emerged as the frontrunners, securing a net inflow of Rs 2,922.4 crore, closely followed by mid-cap funds at Rs 1,808.2 crore. Large-cap funds also contributed significantly, trailing closely with a net inflow of Rs 921.14 crore.

Marking the 36th consecutive month of positive inflows since March 2021, equity funds have continued to attract investor interest. Notably, systematic investment plans (SIPs) reached an all-time high of Rs 19,186 crore in February, up from Rs 18,838 crore in January.

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Speaking on monthly data, Venkat Chalasani, Chief Executive, AMFI said, “There is a surge in SIP accounts, totalling 8.20 crore with 49.79 lakh new SIP registrations. This underscores investors’ unwavering commitment to disciplined wealth accumulation. The industry’s net AUM has also reached Rs 54,54,214.13 crore in February.”

The total AUM of mutual funds witnessed a 3.42% increase in February, reaching Rs 54.54 lakh crore compared to Rs 52.74 lakh crore in January.

20 New fund offers in February

During the month, the introduction of approximately 20 open-ended new fund offers (NFOs) garnered a total of Rs 11,469 crore. Two close-ended NFOs raised Rs 251 crore in funds.

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Sectoral/thematic funds gained significant traction, experiencing a remarkable 134% increase in AUM. This category recorded the highest inflows of Rs 11,262.72 crore, up from Rs 4,804.69 crore in January.

Liquid funds secured the highest inflow in February, receiving around Rs 83,642.33 crore compared to Rs 49,467.67 crore in January.

Conversely, overnight funds experienced the highest outflow of Rs 17,375.61 crore, reversing the inflow of Rs 8,995.07 crore in January. Low-duration funds also witnessed an outflow of Rs 4,100.38 crore in February.

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