Equity funds log inflow of Rs 12,500 cr in Jan, small-caps top share

Inflows from SIPs have continued to counterbalance the outflows from foreign institutional investors

Net inflows into active equity mutual funds (MFs) surged to Rs 12,546 crore in January, rising 70 per cent month-on-month (MoM), according to data released by the Association of Mutual Funds in India (Amfi) on Thursday.

Higher inflows into equity categories were on the back of rising inflows through systematic investment plans (SIPs) which remained above Rs 13,000 crore for the fourth consecutive month.

Inflows from SIPs touched a record high in January at Rs 13,856 crore, up from Rs 13,570 crore in December. More than 2.26 million new SIP accounts were added during the month, while 1.35 million accounts