January brought sustained vigor to India’s mutual fund landscape, with SIP inflows clocking ₹31,000 crore for the second month running, echoing December’s ₹31,002 crore. Boasting a 17 percent year-on-year rise from ₹26,400 crore, this underscores escalating retail participation.
AMFI data highlights 74 lakh new SIP registrations against 55 lakh discontinuations, lifting active accounts to 10.29 crore. Market volatility trimmed SIP AUM to ₹16.36 lakh crore (from ₹16.63 lakh crore), but its proportion in total AUM advanced to 20.2 percent.
A standout was gold ETF inflows surging to ₹24,039.96 crore—double December’s—reflecting prudent hedging strategies. Equity inflows moderated to ₹24,029 crore (14 percent below December), yet compared favorably to prior months: ₹42,702 crore in July, ₹29,911 crore in November, and ₹24,690 crore in October.
Industry-wide, net inflows hit ₹1.56 lakh crore, flipping December’s outflows into strong positivity. This momentum signals a maturing market where SIPs foster long-term discipline, blending equity upside with gold’s security for holistic portfolios.