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Inflows into mutual funds rose to Rs 26,866 cr in Feb: Data

by Blitz India Media
March 8, 2024
in News
0
Team Blitz India

NEW DELHI: Inflows in the equity category saw a significant surge in February witnessed inflows amounting toRs 26,866 crore, reflecting a spike of 23.3 percent, as disclosed by the AMFI data.

Small-cap funds took the lead with a net inflow of Rs, 2, 922.4 crore, followed by mid-cap funds with Rs 1,808.2 crore, and large-cap funds trailing closely behind with Rs 921.14 crore in net inflows.

For the 36th consecutive month since March 2021, equity funds have continued to see positive inflows. It is worth mentioning that investments through systematic investment plans (SIPs)reached a new all-time high of Rs 19,186 crore last month, up from Rs 18,838 crore in January.

During the month, approximately 20 open-ended new fund offers (NFOs) were launched, collecting a total of Rs 11,469 crore. Additionally, two close-ended NFOs were introduced in February, raising Rs 251 crore in funds.

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