Equity MF inflows slid 14.3% on geopolitics in January: AMFI

Equity Mutual Funds Witness 14.3% Decline in Net Inflows in January

According to data from the Association of Mutual Funds of India (AMFI), net inflows into equity mutual funds decreased by 14.3% in January to ₹24,028.6 crore, marking the second consecutive month of declining inflows.

Key Statistics:

• Net inflows fell to ₹24,028.6 crore in January, down from ₹28,054.6 crore in December 2025 and ₹29,911.05 crore in November 2025.
• Interest in gold ETFs increased, with net inflows doubling to ₹24,039.96 crore in January, from ₹11,647 crore in the previous month.
• Flexi-cap funds attracted the highest inflows at about ₹7,600 crore, indicating a sustained preference for diversified equity strategies amid volatile market conditions.

Despite the decline in net inflows, the industry remained positive for 59 consecutive months. Venkat Chalasani, CEO of AMFI, stated that January's data reflects a broadly steady trend in India's mutual fund industry, despite ongoing global uncertainties and short-term market volatility.

Suranjana Borthakur, Head of Distribution & Strategic Alliances, Mirae Asset Investment Managers (India), commented that January's AMFI data shows that equity inflows moderated month-on-month and reverted closer to October levels at around ₹24,000 crore, even as overall investor participation remained steady.

Expert Insights:

• Venkat Chalasani, CEO of AMFI: “January’s data reflects a broadly steady trend in India’s mutual fund industry despite ongoing global uncertainties and short-term market volatility.”
• Suranjana Borthakur, Head of Distribution & Strategic Alliances, Mirae Asset Investment Managers (India): “January’s AMFI data shows that equity inflows moderated month-on-month and reverted closer to October levels at around ₹24,000 crore, even as overall investor participation remained steady.”