AMFI Data Feb 2026: MFs buck trend with 8% jump; Gold and Silver ETF inflows plunge up to 78% - Check full data

AMFI Data February 2026: The mutual fund industry saw total net inflows of Rs 94,530 crore in February 2026, lower than Rs 1.56 lakh crore recorded in January, according to data released by the Association of Mutual Funds in India (AMFI).

Total assets under management (AUM) of the industry, however, rose to Rs 82.03 lakh crore at the end of February from Rs 81.01 lakh crore in January, reflecting continued investor participation.

Overall mutual fund industry flows

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The mutual fund industry recorded net inflows of Rs 94,530 crore in February, compared with Rs 1,56,458 crore in January. This represents a decline of about 39.6 per cent month-on-month.

Total funds mobilised across open-ended schemes stood at Rs 13,54,692 crore in February compared with Rs 13,84,925 crore in January, while redemptions were Rs 12,60,498 crore against Rs 12,28,417 crore in the previous month.

Despite the moderation in flows, industry AUM increased by Rs 1.02 lakh crore, or about 1.26 per cent, to Rs 82.03 lakh crore in February from Rs 81.01 lakh crore in January. The number of schemes also increased to 1,937 in February from 1,919 in January.

"February’s data reflects the continued stability and resilience of the mutual fund industry, with assets under management rising to Rs 82.03 lakh crore. Equity funds recorded net inflows of Rs 25,978 crore during the month, marking the 60th consecutive month of positive inflows," said Venkat Chalasani, Chief Executive, AMFI.

"This sustained momentum reflects growing investor participation despite intermittent market volatility, with market sentiment supported by robust quarterly corporate earnings and continued inflows from both domestic and foreign institutional investors," Chalasani said.

"SIP contributions stood at Rs 29,845 crore, underscoring investors’ continued confidence in systematic and disciplined investing. The marginal moderation compared to recent months is primarily due to February being a shorter month, with some end-of-month SIP instalments typically getting processed in early March," Chalasani added.

Equity mutual funds see a marginal rise in inflows

Equity-oriented mutual fund schemes recorded net inflows of Rs 25,977.91 crore in February, higher than Rs 24,028.59 crore in January. This represents an increase of about 8.1 per cent month-on-month.

Equity schemes mobilised Rs 62,076 crore during February compared with Rs 65,667 crore in January, while redemptions declined to Rs 36,098 crore from Rs 41,639 crore.

Among equity categories, flexi-cap funds continued to attract the highest inflows at Rs 6,924.65 crore in February, though this was lower than Rs 7,672.36 crore recorded in January, a decline of about 9.7 per cent.

Mid-cap funds recorded inflows of Rs 4,002.99 crore in February compared with Rs 3,185.47 crore in January, marking an increase of around 25.7 per cent. Small-cap funds also saw inflows rise to Rs 3,881.06 crore from Rs 2,942.11 crore, an increase of about 31.9 per cent.

Large-cap funds attracted Rs 2,111.68 crore in February, slightly higher than Rs 2,004.98 crore in January, reflecting a rise of around 5.3 per cent.

Debt fund inflows decline sharply

Debt-oriented mutual funds recorded net inflows of Rs 42,106.31 crore in February, significantly lower than Rs 74,827.13 crore in January. This represents a decline of around 43.7 per cent month-on-month.

Liquid funds led the inflows in February with Rs 59,077.39 crore compared with Rs 30,681.55 crore in January, an increase of nearly 92.6 per cent. Money market funds received Rs 6,266.51 crore, lower than Rs 12,763.47 crore seen in January, a decline of about 50.9 per cent.

However, overnight funds recorded net outflows of Rs 14,006.21 crore in February compared with inflows of Rs 46,280.05 crore in January, marking a sharp reversal in flows.

Ultra-short duration funds also saw outflows of Rs 4,373.93 crore compared with inflows of Rs 255.37 crore in January.

Hybrid funds see moderation in inflows

Hybrid mutual fund schemes attracted net inflows of Rs 11,983.37 crore in February compared with Rs 17,356.02 crore in January, reflecting a decline of about 30.9 per cent month-on-month.

Multi-asset allocation funds received Rs 8,476.26 crore in February compared with Rs 10,485.38 crore in January, a decline of about 19.2 per cent.

Dynamic asset allocation or balanced advantage funds recorded inflows of Rs 1,521.57 crore in February, lower than Rs 1,839.41 crore in the previous month.

Aggressive hybrid funds saw inflows of Rs 1,419.21 crore against Rs 1,678.16 crore in January, a decline of about 15.4 per cent.

ETF and index funds flows

Exchange-traded funds and index-based products also saw inflows during the month, though lower compared with January.

Gold ETFs recorded net inflows of Rs 5,254.95 crore in February, significantly lower than Rs 24,039.96 crore in January. This represents a sharp decline of about 78 per cent month-on-month.

Other ETFs received Rs 4,487.15 crore compared with Rs 15,005.87 crore in January, a decline of around 70 per cent.

ETF and passive fund inflows fell sharply from Rs 39,954.63 crore in January 2026 to Rs 13,879.31 crore in February 2026, a decline of Rs 26,075 crore or 65.3 per cent month-on-month.

SIP contribution and investor participation

Systematic investment plan (SIP) contributions remained steady in January 2026 at Rs 31,002 crore, reflecting continued participation by retail investors.

The number of folios in open-ended schemes rose to over 27 crore in February from about 26.6 crore in January, indicating continued growth in the investor base.

Industry AUM across open-ended schemes stood at Rs 81.78 lakh crore in February compared with Rs 80.76 lakh crore in January, reflecting the rise in overall assets managed by mutual funds.

The data shows that while overall net inflows moderated in February compared with January, equity schemes continued to see steady investments and passive products such as ETFs and index funds remained a key segment for investor flows.