Equity mutual funds log Rs 14,888 crore net inflow in January

Equity mutual funds attracted a net sum of Rs 14,888 crore in January, making it the 11th consecutive monthly net inflow. However, this was much lower than the net inflow of Rs 25,077 crore witnessed in December, data from the Association of Mutual Funds in India (Amfi) showed.

Equity schemes have been witnessing net inflow since March 2021 and the segment has received a net inflow of over Rs 1 lakh crore during this period highlighting the positive sentiments among investors.

Prior to this, such schemes had consistently witnessed outflows for eight months from July 2020 to February 2021 losing Rs 46,791 crore.

Overall, the mutual fund industry registered a net inflow of Rs 35,252 crore during the period under review compared to a net outflow of Rs 4,350 crore in December.

The average under management (AUM) of the industry rose to Rs 38.88 lakh crore at January-end from Rs 37.72 lakh crore at December-end.