Equity mutual fund inflows declined by 26% in February, slipping to Rs 29,303 crore from Rs 39,687 crore in January, as per the data published by the Association of Mutual Funds in India (AMFI). The dip is attributed to market instability affecting investor sentiment.
Debt mutual funds recorded an outflow of Rs 6,525 crore in February, reversing the Rs 1.28 lakh crore inflow witnessed in the previous month.
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Among 11 equity mutual fund categories, sectoral and thematic funds remained the top choice, attracting Rs 5,711 crore in inflows, followed by flexi-cap funds, which saw Rs 5,104 crore.
On the other hand, dividend yield funds recorded the lowest inflow at Rs 68.65 crore. Month-on-month, focused funds were the only category to see an increase in inflows, while all other categories declined.
Small-cap fund inflows fell 35%, from Rs 5,720 crore in January to Rs 3,722 crore in February, while mid-cap fund inflows dropped 34%, from Rs 5,147 crore to Rs 3,406 crore.
Other schemes, including index funds, ETFs, and fund of funds investing overseas, recorded a slight 0.06% drop in inflows, totalling Rs 10,248 crore compared to Rs 10,255 crore in January.
Meanwhile, the total assets under management (AUM) of the mutual fund industry fell 4%, from Rs 66.98 lakh crore in January to Rs 64.26 lakh crore in February.
Further, a total of 29 mutual fund NFOs (New Fund Offers) were launched in February, raising Rs 4,029 crore.
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