The Mutual Fund industry’s average AUM dipped to ₹68.04 Lakh Cr in January, a 1.85% decline from previous month’s average AUM despite hefty net inflows of ₹1.87 Lakh Cr.
Equity-oriented schemes continued their positive streak, recording net inflows of ₹39.69K Cr.
ELSS, Focused and Large Cap Funds experienced remarkable surges in inflows, skyrocketing by 324%, 72% and 52% respectively.
SIP inflows saw a slight dip of 0.2%, declining to ₹26,400 Cr from ₹26,459 Cr.
Inflows in Index Funds and Other ETFs surged indicating a strong investor preference for passive investment strategies.
The average AUM of debt funds grew by 0.99% in January, driven by an inflow of ₹1.28 Lakh Cr, reversing from ₹1.27 Lakh Cr outflows in December.
For an in-depth exploration, read through our comprehensive Mutual Fund Flow Report for January, 2024.