The Indian market has crossed the 22-month high to surge by 28%, reaching ₹21,781 cr in January into open-ended equity mutual funds, as per the data released by the Association of Mutual Funds of India (AMFI). This also marks the 35th consecutive month of positive equity inflows on a net basis.
The data also states that total SIP assets under management (AUM) crossed ₹10 tn in January. The past month also witnessed 28 lakh SIP accounts added in the month. Overall SIPs in the last month saw ₹18,838 cr, a record new high from December where it was ₹17,610 cr.
Also read: Is India’s GDP $4 Trillion Already? Not yet, But it’s Closer Than Ever
Highlights of the AMFI Data on Indian Equity Market:
- Small-cap funds saw an inflow of ₹3,257 cr in Jan, compared to ₹3,857 cr in December.
- Large-cap funds saw an inflow of ₹1,287.05 cr, compared to an outflow of ₹280.94 cr in December.
- Mid-cap funds saw an inflow of ₹2,061 cr, compared to ₹1,393 cr in December.
- ETFs saw an inflow of ₹571 cr, compared to ₹200 cr in December.
- Liquid funds saw an inflow of ₹49,468 cr, compared to an outflow of ₹39,675 cr in December.
- Hybrid funds saw an inflow of ₹7,079 cr, compared to ₹2,420 in December.
Overall, small-cap and mid-cap have grown by 9.5% and 14.8% in 2024 and the market sentiment is showcasing a growing economy.
Also read: India Solidifies Its Position as the Most Preferred Emerging Market: Morgan Stanley
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