Equity Mutual Fund Inflows Drop 14% MoM to ₹24,028 Crore in January 2026: AMFI Data

January 2026 saw a 14% month‑on‑month (MoM) decline in equity mutual fund inflows to ₹24,028 crore, down from ₹28,054 crore in December 2025, while debt and hybrid categories displayed contrasting movements. 

January 2026 Equity Mutual Fund Inflows 

Equity inflows slipped 14% MoM to ₹24,028 crore and fell 39% YoY from ₹39,687 crore in January 2025, reflecting a muted investor appetite in the equity space. 

Sub‑category Performance 

Flexicap funds attracted the highest equity inflow of ₹7,672 crore, followed by midcap ₹3,185 crore and large & mid‑cap ₹3,181 crore; smallcap funds inflows were ₹2,942 crore and ELSS outflows were ₹593 crore. 

Focused funds rose 47% MoM from ₹1,056 crore to ₹1,556 crore, while largecap mutual funds and sectoral funds increased 28% and 10% respectively; midcap funds and smallcap funds saw declines of 24% and 23% MoM. 

Debt and Hybrid Fund Trends 

Debt funds inflows reversed to ₹74,827 crore after two months of outflows, with overnight funds leading at ₹46,280 crore; corporate bond funds recorded ₹11,472 crore outflows. 

Hybrid funds inflows rose 61% MoM to ₹17,356 crore, with multi‑asset allocation funds at ₹10,485 crore and arbitrage funds at ₹3,293 crore; arbitrage saw a 2,507% MoM surge from ₹126 crore. 

Other Schemes and New Funds 

Passive schemes, including ETFs, grew 50% MoM to ₹39,954 crore; gold ETFs attracted ₹24,039 crore, a 106% MoM jump, while other ETFs received ₹15,005 crore. 

Fund‑of‑funds overseas inflows rose 501% to ₹881 crore; total open‑ended inflows were ₹1.56 lakh crore against an outflow of ₹66,532 crore. 

Assets under management rose 1% MoM to ₹80.76 lakh crore; 12 new funds launched, raising ₹1,939 crore, with money market funds contributing ₹442 crore. 

Read More: SEBI Proposes to Simplify Exits for Mutual Fund Investors in Demat Form! 

Conclusion 

The January 2026 data shows a decline in equity inflows, a rebound in debt inflows, and significant growth in hybrid and passive schemes, indicating a shift in investor focus across fund categories. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme‑related documents carefully.