Mutual fund inflows rise to ₹1.5tn in February
Equity mutual funds pulled in 8% more money this February, reaching ₹25,978 crore, thanks in part to buzz around the India-US trade deal.
This helped push total assets under management up by ₹1 lakh crore from January.
Flexi cap funds top choice
Flexi cap funds were the top choice, grabbing nearly ₹7,000 crore in new investments.
Mid-cap and small-cap funds followed close behind, while sectoral and large-cap funds also saw gains.
On the flip side, Equity-Linked Savings Schemes (ELSS) recorded a net outflow of ₹650 crore, which may reflect profit booking or reduced tax-saving investments.
Total mutual fund investments drop
Despite strong equity inflows, total mutual fund investments dropped compared to January, especially for gold ETFs.
Still, AMFI's CEO Venkat N Chalasani sounded optimistic about India's long-term growth even with global uncertainty.