Equity MF Inflows Drop 14.3% in Jan; Gold ETFs Double Amid Volatility

• Equity mutual fund inflows declined for the second consecutive month in January 2026, falling 14.35% to Rs 24,029 crore.
• Gold ETFs saw a significant surge, with net inflows more than doubling to Rs 24,040 crore, making it a top-performing category.
• The overall mutual fund industry returned to net inflows of Rs 1.56 lakh crore, largely driven by debt schemes.
• Moderation in equity inflows was primarily due to cooling momentum in mid- and small-cap segments, while large-cap funds saw healthy traction.
• Flexi-cap funds remained the largest category by assets and received the highest net inflows at Rs 7,672 crore, despite a slight moderation.