Systematic Investment Plan (SIP) inflows into mutual funds stood at ₹29,845 crore in February 2026, down from ₹31,002 crore in January 2026. The marginal decline coincided with February being a shorter month, which typically compresses instalment counts.
Despite the dip, broad-based activity remained healthy across multiple categories. Equity segments, hybrids and liquid funds continued to attract meaningful subscriptions, while gold ETFs saw a sharp pullback.
SIP flows moderated by ₹1,157 crore month-on-month, reflecting calendar effects rather than a shift in retail participation trends. The aggregate February figure remains elevated relative to historical averages seen before 2025, indicating sustained investor discipline via automated instalments.
Industry data for January 2026 at ₹31,002 crore provides a useful benchmark for the current run rate. The continuation of high-frequency flows underscores the role of SIPs in smoothing market‑timing behaviour.
Equity fund segments sustained inflows despite the shorter month and intermittent market volatility. Large-cap funds received ₹2,111.7 crore, mid-cap funds drew ₹4,003 crore, and small-cap funds registered ₹3,881 crore.
Sectoral and thematic funds added another ₹2,987.3 crore, showing continued investor interest in focused strategies. The distribution of flows suggests diversified participation across market-cap buckets and thematic exposures.
Hybrid funds posted ₹11,983.4 crore in February 2026, indicating continued use of asset‑mix products for balanced allocation. Liquid funds saw strong subscriptions of ₹59,077.4 crore, consistent with tactical treasury management and short‑term parking of surplus cash.
These categories typically reflect cash‑flow seasonality and institutional positioning alongside retail participation. Together, they provided a counterweight to fluctuations in risk‑on equity categories.
Gold ETFs recorded inflows of ₹5,255 crore, markedly lower than ₹24,040 crore a month earlier. The shift indicates a recalibration after an elevated January print, with flows normalising from a high base.
Compared with single‑asset exposures that can be volatile month to month, multi‑asset funds are structured to diversify across classes by design. This framework is intended to smooth category‑specific swings without implying performance or making forward‑looking statements.
Read More: Mutual Funds SIP Stoppage Ratio Falls to 74.83% in January as Registrations Outpace Closures.
February 2026 SIP inflows of ₹29,845 crore reflect a modest month‑on‑month dip versus ₹31,002 crore in January 2026, influenced in part by the shorter calendar. Equity categories continued to garner inflows across large‑cap, mid‑cap, small‑cap, and sectoral/thematic strategies.
Hybrid and liquid funds added significant scale, reinforcing breadth across allocation styles. Gold ETF flows cooled from a high base, rounding out a month marked by steady retail discipline and category‑specific rotation.
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.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 10, 2026, 2:54 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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