Equity MF inflows continue to be robust; investors pour in Rs 14,890 cr in January, shows Amfi data

NEW DELHI: Even as the market remained volatile, massive flows to equity mutual fund schemes continued for another month in January. The inflows have provided some support to the markets in recent months when foreign investors have withdrawn money.

Amfi data released for the month on Wednesday said investors poured in a net Rs 14,887.77 crore in equity oriented funds. All but one category saw inflows led by over Rs 2,000 crore in sectoral and thematic funds. Focussed funds and those investing in broader markets also saw healthy inflows.

The debt segment saw net inflows but it was limited at Rs 5,087.61 crore as liquid funds saw outflow of Rs 14,397.91 crore. Overnight fund, on the other hand, saw investments of Rs 19,357.55 crore.

Thanks to consistent investments made by investors, domestic institutional investors, which mostly comprise mutual fund managers, bought stocks worth Rs 21,928.40 crore during the month, against buying of Rs 31,231 crore in December. This is at the time FIIs have been withdrawing money in heaps from Indian markets.

It seems investors are making the most of the recent dip in the market. During January, Sensex shed 0.41 per cent while BSE Midcap fell 1.43 per cent and BSE Smallcap index 0.78 per cent.

Total AUM of the mutual fund industry increased by Rs 35,251.67 crore to Rs 38.01 lakh crore at the end of January. A part of the gains also includes mark-to-market losses or gains for the industry.