Net inflows into equity schemes up 25% in February

The Sectoral/Thematic Fund category saw the highest inflows, followed by Small Cap Funds, while Large Cap Funds saw the least amount. Net Flows

The large inflows into sector/thematic funds can be attributed to two new fund offers (NFOs) that were launched – Axis Business Cycle Fund and Kotak Banking & Financial Services Fund – which were received simultaneously. 2,540 crore of investors flowed out.

Overall, Sector/Thematic Category Aggregated 3,855 crore of net inflow. Small Cap Funds Received Net Inflows 2,246 crores. Multi Cap FundThose who invest a minimum of 25% in Large Cap, Mid Cap and Small Cap stocks, get 1,977 crore of net inflow.

Large cap funds attracted only There was a net inflow of 353 crores in February.

There were some withdrawals from debt schemes. Net outflow seen in ultra short duration funds and low duration funds 2,429 crore and 1,903 crore respectively.

Remained stable with monthly contribution collection through Systematic Investment Plans (SIPs) 13,686 crore in February, which was 1.2% lower than the previous month. But this slight drop can be attributed to the month of February having just 28 days.

NS Venkatesh, chief executive, Association of Mutual Funds in India (AMFI), said, “The monthly data for February shows a positive trend for equity and hybrid funds. Equity mutual funds saw significant inflows 15,685.57 crore as compared to Rs. 12,546.5 crore for the month of January and 7,303.39 in December 2022 reflecting investors’ confidence in the growth potential of the Indian economy and their preference for long-term wealth creation through equity investments. ,

“Retail investors continue to enter the markets through the SIP route, which is reflected in the steady increase in SIP inflows over the past several months. Due to the fact that February has only 28 days, SIP contribution numbers see a dip as flows are not recorded for the entire month of 31 days.”

Mutual fund folios reached an all-time high of 144 million folios as on February 28. Assets Under Management (AUM) of the MF industry 39 trillion as on 28 February.