Mutual fund inflows declined in February, with net equity inflows at ₹29,241.78 crore compared to ₹39,669.6 crore in January, according to Association of Mutual Funds in India (AMFI) data. This marks a 26.29% drop month-on-month (MoM).
Large-cap fund inflows stood at ₹2,866 crore, down from ₹3,063.3 crore. Small-cap funds saw inflows of ₹3,722.5 crore, lower than ₹5,721 crore in the previous month.
Midcap funds recorded ₹3,407 crore in inflows, down from ₹5,148 crore.
The Association of Mutual Funds in India (AMFI) attributed this decline to the lower number of days in February.
Meanwhile, hybrid funds attracted ₹6,804 crore, compared to ₹8,767.5 crore in January. Liquid funds saw inflows of ₹4,977 crore, a sharp decline from ₹91,593 crore.
ETF inflows rose to ₹3,846 crore from ₹1,172 crore. Credit risk funds saw an outflow of ₹198 crore, compared to ₹294 crore in January.
ELSS funds recorded ₹615 crore in inflows, down from ₹797 crore.
Total assets under management (AUM) stood at ₹64.53 lakh crore, lower than ₹67.25 lakh crore in January.
Corporate bond funds saw inflows of ₹1,065 crore, reversing from an outflow of ₹217.4 crore. Dividend funds attracted ₹68.7 crore, down from ₹215 crore.
New fund offers (NFOs) collected ₹4,029 crore, compared to ₹4,544 crore in the previous month. Gold ETFs recorded inflows of ₹1,980 crore, down from ₹3,751.4 crore.
Sectoral and thematic funds saw inflows of ₹5,711.6 crore, lower than ₹9,016.6 crore in January.
Karthick Jonagadla, Smallcase Manager and Founder & CEO of Quantace Research, noted that investor sentiment in February shifted toward stability.
“Investors are shifting tactically, balancing market corrections with selective high-conviction Focused Funds while awaiting clearer macro signals,” he said.