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.

Want to plan regular withdrawals? Our SWP Calculator helps you calculate how much you can withdraw while keeping your investments intact. Try it now!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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 in the securities market are subject to market risks, read all the related documents carefully before investing.