AMFI Data for January: Flows in Small and Midcap Funds Surge, Gold ETF Hits Record Inflows

The net inflows into equity mutual funds stood at ₹39,687.78 crore in January 2025, reflecting a 3.56% decline from ₹41,155.91 crore in December 2024, according to data from the Association of Mutual Funds in India (AMFI).

Small and Midcap Funds Attract Strong Inflows

Investor interest in small-cap funds remained robust, with inflows rising 22.56% to ₹5,721 crore from ₹4,668 crore in December. Mid-cap funds also saw an increase, albeit marginally, from ₹5,093 crore in December to ₹5,148 crore in January.

Large-Cap and ELSS Funds See Higher Contributions

The large-cap fund category registered inflows of ₹3,063 crore, marking a significant 52% increase from ₹2,011 crore in December. Meanwhile, Equity Linked Savings Schemes (ELSS) witnessed a remarkable surge, with inflows rising more than fourfold to ₹797 crore, compared to ₹188 crore in December.

Sectoral and Thematic Fund Inflows Drop

The sectoral and thematic funds category saw a sharp decline in inflows, dropping 41.2% from ₹15,332 crore in December to ₹9,017 crore in January. This shift indicates a recalibration in investor preferences within thematic investment strategies.

Hybrid Funds Witness a Surge, Dividend Yield Funds Decline

Hybrid funds saw inflows more than double, reaching ₹8,767.5 crore, up from ₹4,370 crore in the previous month. However, dividend yield funds experienced a significant fall, as inflows plummeted 92.3% from ₹2,777 crore in December to ₹215 crore in January.

SIP Contributions Remain Stable

The monthly inflows via Systematic Investment Plans (SIP) remained steady, crossing the ₹26,000 crore mark. SIP contributions stood at ₹26,400 crore in January, marginally lower than ₹26,459 crore in December. 

Mutual Fund AUM Growth and NFO Inflows

The total assets under management (AUM) for mutual funds reached ₹67.25 lakh crore in January 2025. However, New Fund Offer (NFO) inflows saw a sharp decline, falling 67.2% to ₹4,544 crore, down from ₹13,852 crore in December.

Debt Mutual Funds Rebound with Strong Inflows

Debt mutual funds recorded net inflows of ₹1,28,653 crore in January, marking a significant turnaround from net outflows of ₹1,27,153 crore in December.

• Liquid Funds saw a surge in inflows, reaching ₹91,593 crore.
• Money Market Funds received investments worth ₹21,916 crore.
• Short Duration Funds experienced net outflows of ₹2,066 crore.
• Gilt Funds also recorded net outflows, with ₹1,360 crore withdrawn.

Gold ETF Hits Record Inflows

The Gold ETF segment saw a record-high inflow of ₹3,751 crore in January, highlighting growing investor interest in gold-backed investments. Additionally, the Net Assets Under Management (AUM) for Gold ETFs crossed the ₹51,000 crore mark, reaching ₹51,839 crore.

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