Equity mutual fund inflows at 9 month high, debt fund outflows continue

Equity mutual fund inflows continued to surge in the month of February. Data from the Association of Mutual Funds of India (AMFI) shows net inflows into equity funds stood at Rs 15,685 crore, which is around 25% higher than the 12,546 crore equity fund inflows in January. This is the highest in the past 9 months.

Within the equity funds, small cap funds continued to see strong inflows of Rs 2,246 crore, almost similar to the figure in January. Mid cap fund flows increased to Rs 1816 crore versus Rs 1628 crore in January.

Meanwhile, debt mutual funds continued to see outflows. For the month of February, debt fund outflows stood at Rs 13,815 crore. This is higher than the 10,316 crore outflows in January.

The total Assets Under Management (AUM) shrunk slightly and stood at Rs 39.46 lakh crore in February versus Rs 39.62 lakh crore in January.