Monthly systematic investment plan (SIP) contributions stayed above the $3.4 billion mark for the second straight month, as January clocked $3.4 billion in SIP investments, compared to $3.4 billion in December, according to the Association of Mutual Funds in India (AMFI).
Despite ongoing volatility in the stock market, assets under management (AUM) for all open-ended schemes grew marginally by 0.49% to reach $908.5 billion from $904.3 billion in the previous month.
The number of mutual fund folios also increased, reaching 229.1 million in January, up from 225 million in December, the report added.
Overall, open-ended mutual funds saw significant inflows, with net investments rising to $25.4 billion in January, a sharp increase from $10.9 billion in December.
Equity mutual fund inflows declined by nearly 4% monthly to $5.4 billion in January, compared to $5.6 billion in December.
However, small-cap funds remained a preferred choice for investors, witnessing inflows of $770 million, a 22.6% jump from December.
Hybrid mutual funds recorded a substantial rise in inflows, increasing by 101% to $1.18 billion in January from $590 million in December.
Meanwhile, investments in other schemes, including index funds and exchange-traded funds (ETFs), saw an extraordinary increase of 1,207%.
These inflows reached $1.38 billion in January, up from just $106 million in December, the report said.
Among these, index funds attracted the highest investment, with inflows of $710 million, followed by Gold ETFs, which saw $500 million in fresh investments.
Other ETFs, which had witnessed outflows of $610 million in December, reversed the trend by recording inflows of $160 million in January.
