Inflows into equity mutual funds hit ₹21,781 crore in January 2024

Inflows into equity mutual funds hit ₹21,781 crore in January 2024

According to data released by the Association of Mutual Funds of India (AMFI), inflows into open-ended equity funds surged by 28% to reach  ₹21,780.56 crore in January. This marks the 35th consecutive month of positive inflows into equity funds, starting from March 2021.

Furthermore, total SIP assets under management (AUM) surpassed  ₹10 trillion, reaching ₹10.27 trillion in January. Additionally, 28 lakh SIP accounts were added during the month.