Equity MF schemes get Rs 14,887-cr net inflows

Mumbai: Equity-linked mutual fund (MF) schemes saw a net inflow of over Rs 14,887.77 crore in January, as per the data furnished by the Association of Mutual Funds in India (AMFI) on Wednesday.

In December 2021, the net inflows had stood over Rs 25,000 crore.Besides, in November 2021, it had stood over Rs 11,614 crore, while in October, the inflows had stood over Rs 5,214 crore.

Furthermore, the data showed that contributions through systematic investment rose to Rs 11,516.62 crore, the highest monthly SIP contribution. In December, the SIP contributions stood at Rs 11,305.34 crore.According to the data, the net AUMs for India's MF industry stood at over Rs 38.01 lakh crore for January 2022.