Mumbai, Feb 10 || Mutual fund Systematic Investment Plan (SIP) inflows reached Rs 31,000 crore in the month of January, second consecutive month when SIP inflows were Rs 31,000 crore or more, the data released by the Association of Mutual Funds in India (AMFI) showed on Tuesday.
In December, the SIP inflows stood at Rs 31,002 crore. SIP inflows increased by 17 per cent year-on-year, from Rs 26,400 crore in January 2025.
According to AMFI data, 7.4 million new SIP accounts were opened in January. Meanwhile, 5.5 million SIP accounts were closed during this period.
Furthermore, the total number of SIP accounts in the country increased to 102.9 million, up from 101.1 million in December.
The data further showed that SIP assets under management (AUM) declined to Rs 16.36 lakh crore in January from Rs 16.63 lakh crore in December. This is attributed to the market decline. SIPs account for 20.2 per cent of the overall mutual fund industry's AUM.
According to the AMFI, investments in gold ETFs doubled to Rs 24,039.96 crore in January from Rs 11,647 crore in December. This indicates that people are prioritising safe investments like gold alongside the stock market.