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Investors' confidence in equity mutual funds remains strong with the segment attracting Rs 39,688 crore in January, driven by sharp inflow in small cap and flexi-cap schemes, even as market volatilities continued. However, this was 3.56 per cent lower than the net inflow of Rs 41,156 crore registered in December. The latest fund infusion by investors also marks the 47th consecutive month of inflows into the segment, according to data released by Association of Mutual Funds in India (Amfi) on Wednesday. Moreover, inflows into systematic investment plans (SIP) came at Rs 26,400 crore, a tad lower from December's Rs 26,459 crore. The SIP assets under management stood at Rs 13.2 lakh crore, which is around a fifth of the overall pie. "Despite market volatility, SIP contributions remained robust, totalling Rs 26,400 crore for the month. We will continue to educate investors to stay invested through phases of volatility with a focus on disciplined, long-term approach to wealth creation,"