Mumbai’s mutual fund industry kicked off the new year with robust investor confidence as Systematic Investment Plan (SIP) inflows reached a staggering ₹31,000 crore in January. This marks the second consecutive month where SIP inflows have touched or exceeded this milestone, following December’s ₹31,002 crore figure.
Year-on-year, monthly SIP inflows surged by 17 percent, up from ₹26,400 crore in January last year. The Association of Mutual Funds in India (AMFI) data reveals that 74 lakh new SIP accounts were opened during the month, although 55 lakh accounts were also closed. This net addition pushed the total number of SIP accounts in the country to 10.29 crore, from 10.11 crore at the end of December.
Despite a dip in SIP Assets Under Management (AUM) to ₹16.36 lakh crore from December’s ₹16.63 lakh crore—attributed to market corrections—SIP’s share in the overall mutual fund industry’s AUM climbed to 20.2 percent. This resilience underscores the growing discipline among retail investors amid volatile markets.
Investor appetite extended beyond equities. Gold ETF inflows doubled to ₹24,039.96 crore from ₹11,647 crore in December, signaling a balanced approach combining equity growth with safe-haven assets like gold. Active equity mutual fund inflows stood at ₹24,029 crore, down 14 percent from December’s ₹28,054 crore, yet indicative of sustained trust.
Looking back, equity fund inflows were ₹29,911 crore in November, ₹24,690 crore in October, and peaked at ₹42,702 crore in July last year. January proved stellar for the broader industry, recording net investments of ₹1.56 lakh crore, a sharp rebound from December’s ₹66,591 crore outflows. This trend highlights a renewed surge in mutual fund investments, driven by long-term wealth creation goals.