Fund Tracker
Net inflows to debt funds lift overall MF inflows to INR 1.9 tln Jan - AMFI
This story was originally published at 14:31 IST on 12 February 2025
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--AMFI: MF industry Jan net inflows at INR 1.88 tln
--AMFI: MF industry AUM at INR 67.25 tln as on Jan 31, up 0.5% on month
--AMFI: Open-ended debt funds Dec net inflows at INR 1.29 tln
--AMFI: Open-ended debt funds AUM at INR 17.06 tln as on Jan 31, up 8.9% on mo
--AMFI: Open-ended equity funds Jan net inflows at INR 396.88 bln
--AMFI: Open-ended equity funds AUM at INR 29.47 tln Jan 31, dn 3.6% on mo
--AMFI: Open-ended hybrid funds Jan net inflows at INR 87.68 bln
--AMFI: Net inflows in liquid funds at INR 915.92 bln in Jan
--AMFI: Net inflows in overnight funds at INR 189.37 bln in Jan
--AMFI: Open-ended hybrid funds AUM at INR 8.75 tln as on Jan 31, dn 0.1% on mo
--AMFI: Sectoral, thematic funds see net inflows at INR 90.17 bln in Jan
--AMFI: Small cap funds see net inflows at INR 57.21 bln in Jan
--AMFI: Arbitrage funds see net inflows at INR 42.92 bln in Jan
--AMFI: Index funds see net inflows of INR 52.55 bln in Jan
--AMFI: Gold ETFs see net inflows of INR 37.51 bln in Jan
--AMFI: Other-than-gold ETFs see net inflows of INR 11.72 bln in Jan
--AMFI head: MF Jan SIP inflows at INR 264.00 bln vs INR 264.59 bln Dec
--AMFI head: MF SIP AUM INR 13.20 tln as on Jan 31 vs INR 13.63 tln Dec 31
--CONTEXT: AMFI Chief Executive Chalasani's comments in a conference call
--AMFI head: SIP accts down at 102.7 mln Jan 31 against 103.2 mln Dec 31
MUMBAI – Open ended debt funds saw net inflows of INR 1.29 trillion in January, after seeing net outflows of INR 1.27 trillion the previous month, according to data released by the Association of Mutual Funds in India. This led to the overall mutual fund sector recording net inflows of INR 1.88 trillion in January, AMFI Chief Executive Venkat Chalasani said Wednesday. The assets under management of the mutual fund industry were flat on a monthly basis at INR 67.25 trillion as on Jan. 31.
Chalasani said that within open-ended debt funds, most inflows were to liquid funds, money market funds, and the overnight funds. He said that even though a few funds such as duration funds and corporate bond funds saw small outflows, the overall assets under management of debt funds stood at INR 17.06 trillion as on Jan. 31, up 8.9% on month.
Liquid funds saw net inflows of INR 915.92 billion, the highest in the category, followed by money market funds, which saw net inflows of INR 219.15 billion, and overnight funds, which saw net inflows of INR 189.37 billion in January.
"The January flows indicate that investors are prioritising liquidity and flexibility over duration-heavy allocations, waiting for clearer signals on interest rate movements before making more strategic investments in long-duration debt. While the recovery in short-term categories underscores confidence in corporate liquidity cycles, the broader market sentiment remains selective, reflecting ongoing caution regarding macroeconomic conditions and interest rate policy shifts," Nehal Meshram, senior analyst- manager research, Morningstar Investment Research India, said in a note.
Net inflows into equity funds moderated slightly to INR 396.88 billion in January from INR 411.56 billion in December, the data showed. The assets under management of equity funds fell nearly 4% on month to INR 29.46 trillion as on Jan. 31. Chalasani said that the drop was due to marked-to-market losses.
Within equity-oriented schemes, net inflows into sectoral and thematic funds moderated to INR 90.16 billion from INR 153.32 billion a month ago. Net inflows to mid-cap funds and large- and mid-cap funds increased to INR 51.47 billion and INR 41.23 billion, respectively. Large-cap funds saw net inflows of INR 30.63 billion during the month from INR 20.11 billion a month ago.
Hybrid funds saw a sharp rise in net inflows in January, mainly due to higher inflows into arbitrage funds. Net inflows into hybrid funds stood at INR 87.68 billion in January, against INR 43.7 billion in December. Arbitrage funds saw net inflows of INR 42.92 billion in January compared to net outflows of INR 4.1 billion in December. The assets under managemet of hybrid schemes were up merely 0.5% on month at INR 67.25 trillion as on Jan. 31.
In other schemes, index funds saw net inflows of INR 52.55 billion in January. Gold exchange traded funds saw a sharp rise in net inflows at INR 37.52 billion, against INR 6.40 billion a month ago. Other than gold schemes saw net inflows of INR 11.72 billion in the reporting month, after seeing net outflows of INR 45.58 billion the previous month.
Mutual fund systematic investment plans saw net inflows of INR 264.00 billion in January, a tad lower than INR 264.59 billion the previous month. Assets under management stood at INR 13.20 trillion as on Jan. 31, compared to INR 13.63 trillion as on Dec. 31. Chalasani said SIP accounts had moderated to 102.7 mln as of Jan 31 from 103.2 mln as of Dec 31. "There is a small reconciliation that has happened between the exchanges and the RTA is pertaining to last year and that has resulted in correction to the tune of around 25 lakh accounts (2.5 million) resulting in this particular drop," he said. End
Reported by Kshipra Petkar
Edited by Avishek Dutta
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