Inflows into equity mutual funds hit ₹17,000 crore in December 2023, showing 9% jump: AMFI data

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mutual funds saw an inflow of nearly ₹17,000 crore in the month of December, revealed the data released by the Association of Mutual Funds in India (AMFI) on Monday. Out of the total equity inflow, nearly ₹3,857 crore was into small-cap mutual funds vis-a-vis ₹3,699 crore in the previous month. At the same time, mid-cap funds saw a fall from ₹2,665 crore in November to a nearly half figure of ₹1,393 crore in December.

Multi-cap funds saw an inflow of ₹1,851 crore in December, while large-cap funds witnessed an outflow of ₹280.9 crore. The systematic investment plan (SIP) figure saw an inflow of ₹17,610 crore in December, AMFI data revealed. "We have seen continued increase in equity investment.

There was massive inflow of ₹4,259 crore in sectoral funds. However, there was some reduction in mid cap funds but the momentum is there. There are multiple reasons for the same.

Inflationary pressure is less, economy is doing well which is reflected in the markets," said Venkat Chalasani, Chief Executive, AMFI. Hybrid mutual funds saw an inflow of ₹15,009 crore, out of which, arbitrage funds saw an inflow of ₹10,645 crore, and equity savings saw an inflow of ₹1,080 crore and multi asset allocation saw an inflow of ₹2,420 crore. Index funds saw an inflow of ₹703 crore and other ETFs witnessed an inflow of ₹200 crore while gold ETFs received ₹88 crore.

During the month, a total of 21 new fund offers were launched garnering a total of ₹9,872 crore. Out of these, 14 were open ended schemes which together received a funding of ₹7,812 crore and seven were closed-ended schemes garnering a total of ₹2,060 crore. There were six sectoral/thematic mutua fund launches in December 2023 that garnered a total of ₹6,321 crore and two hybrid