The mutual fund industry’s AAUM was broadly unchanged at ₹82.01 lakh crore in January versus ₹81.99 lakh crore in December. The strong ₹1.56 lakh crore net inflow was largely driven by debt schemes.
Equity-oriented fund inflows fell 14% month-on-month, marking the second straight month of moderation.
Flexi-cap funds remained the biggest contributor, garnering ₹7,672 crore, although lower than December’s ₹10,019 crore.
Within hybrids, Multi-Asset Allocation funds led with ₹10,486 crore of inflows, reflecting investors’ preference for diversified exposure across equity, debt and commodities.
Passive fund inflows jumped 50% in January 2026 versus December, led by strong allocations into Gold ETFs.
Debt funds’ average AUM declined 2.39% to ₹19.28 lakh crore in January 2026, even as net inflows rebounded sharply to ₹74,827 crore, primarily supported by Overnight and Liquid funds.
SIP inflows were steady at ₹31,002 crore in January 2026, in line with December.
For more details, read our January 2026 Mutual Fund Flow Report.