Passive Mutual Funds received net inflows of ₹39,955 crore in January, the highest monthly addition for the category, according to data from the Association of Mutual Funds in India (AMFI). This was also the 63rd straight month of net inflows.
Assets Under Management (AUM) in passive schemes rose 5.8% from December to ₹15.41 lakh crore, the highest level recorded so far.
Gold Exchange-Traded Funds (ETFs) accounted for the largest share of inflows during the month, bringing in ₹24,040 crore. The increase came alongside a rise in gold prices amid global uncertainty.
Other ETFs saw inflows of ₹15,006 crore. Silver ETFs attracted ₹9,463 crore, making up nearly 24% of the total passive fund inflows, supported by demand from industries such as electric vehicles, semiconductors and telecom.
The mutual fund industry’s total assets stood at ₹81.01 lakh crore at the end of January, up from ₹80.23 lakh crore in December. On a year-on-year basis, industry assets were higher by 20.5%.
The increase during the month was mainly due to inflows into passive and debt schemes, along with market gains in those segments.
Equity mutual funds recorded net inflows of ₹24,029 crore in January, marking the 59th consecutive month of positive flows. Flexi-cap funds saw the highest inflows at ₹7,672 crore.
Mid-cap funds received ₹3,185 crore, while mid- and large-cap funds saw inflows of ₹3,182 crore. Despite these additions, equity assets declined 2.4% month-on-month to ₹34.87 lakh crore due to market movements.
Open-ended debt fund assets rose 4.4% to ₹18.90 lakh crore in January. The increase was largely driven by inflows of ₹46,280 crore into overnight funds, along with additions to liquid and money market schemes.
Hybrid fund assets remained largely unchanged at ₹11.01 lakh crore, as inflows were offset by market movements. Multi-asset allocation funds led inflows within the segment for the third month in a row.
Monthly SIP contributions stood at ₹31,002 crore in January. The number of contributing SIP accounts increased to 9.92 crore from 9.79 crore in December.
However, SIP assets declined 1.6% to ₹16.36 lakh crore due to mark-to-market changes in equity holdings.
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January recorded the highest inflows into passive funds, mainly led by gold ETFs. Debt and passive schemes supported overall industry assets, while equity assets declined during the month.
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 are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 12, 2026, 11:25 AM IST
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