AMFI January 2026 Data: Equity mutual fund inflows fall 14%, gold ETFs soar over 106%

Inflows into equity mutual funds (MFs) in January 2026 fell by 14.34 to ₹24,028.59 crore from ₹28,054.06 crore in December after declining by 6.21% in the previous month.

However, debt mutual funds, after recording significant outflows of ₹1,32,410.37 crore in December and ₹25,692.63 crore in November, saw a net inflow of ₹74,827.13 crore in January. 

"Fixed income flows somewhat stabilized with nearly ₹74,000 crore inflow after massive outflows in December. Due to sharp yield movement, it is palpable to see investors staying in liquid funds and funds with shorter-end maturities, such as Ultra and Money Market," said Anand Vardarajan, Chief Business Officer, Tata Asset Management.

Overall, the mutual fund industry witnessed net inflows of ₹1,56,458.63 crore during the reporting month, while the total assets under management (AUM) of the industry increased by nearly 1% to ₹81,01,305.58 crore, rising from ₹80,23,378.99 crore in December.

Equity mutual fund net inflows over the past year

Gold ETFs and other key highlights

Net inflows into gold ETFs increased by as much as 106.4% in January to ₹24,039.96 crore from ₹11,646.74 crore in December. In the previous month, inflows into gold ETFs jumped 211.2% from ₹3,741.79 crore in November. 

"Precious metals continue to shine; Gold ETF flows in Jan have doubled over December. January saw record single-month flows of nearly ₹24,000 crore, taking the FYTD number to approximately ₹61,000 crore," said Vardarajan.

Other ETFs recorded inflows of ₹15,005.87 crore in January, up 13.6% from ₹13,199.44 crore in December.

Among equity-oriented schemes, flexi-cap funds recorded the highest inflows of ₹7,672.36 crore.

"Investor interest continues to be very strong in Flexicap funds, with nearly ₹72,000 crore FYTD, while other categories remain varied," Vardarajan noted.

However, the inflows in Janaury is 23.4% down from ₹10,019.27 crore recorded in the previous month.

Similarly, from the debt-oriented schemes, overnight funds and liquid funds recorded net inflows of ₹46,280.05 crore and ₹30,681.55 crore, respectively.