Equity MFs see 36th month of inflows in February, new fund offers garner ₹9,388 crore

The latest figures for February 2024 reveal a surge in inflows to ₹26,703.06 crore, up from ₹21,749 crore in January 2024.

Breaking down the numbers, Small cap funds emerged as the frontrunners, witnessing a net inflow of ₹2,922.4 crore. The mid cap funds secured a net inflow of ₹1,808.2 crore, and large cap funds followed closely with a net inflow of ₹921.1 crore.

Equity Linked Savings Scheme (ELSS) inflows stood at ₹339 crore versus ₹532 crore in January 2024, AMFI data showed.

Hybrid schemes attracted a net inflow of ₹18,105.08 crore.

Although slightly lower than January’s figures of ₹20,637 crore, the continued appeal of hybrid schemes highlights investors’ ongoing interest in balanced investment options that provide exposure to both equity and debt.

Liquid funds, known for their stability and liquidity, saw a robust net inflow of ₹83,642.33 crore in February, a significant increase from January’s figure of ₹49,468 crore.

Exchange-Traded Funds (ETFs) also experienced a notable uptick, attracting a net inflow of ₹6,461.67 crore in February, up from ₹571 crore in January.

However, amidst the positive trends, Credit Risk funds faced an outflow of ₹366 crore in February, slightly higher than the outflow of ₹303 crore in January.

Equity New Fund Offers (NFOs) played a significant role in driving the positive momentum, attracting a total of ₹9,388 crore. Notably, the SBI Energy NFO stood out as a major contributor, raking in ₹6,700 crore alone.

The strong response to equity NFOs indicates a sustained appetite for new investment opportunities among market participants.

The total assets under management (AUM) for the mutual fund industry climbed to ₹54.5 lakh crore.