In February, India’s mutual funds lost about ₹3 lakh crore because the stock market had a rough month. Their total assets shrank from ₹67.3 lakh crore in January to ₹64.5 lakh crore this month, a drop of 4%.
Even though many investors were worried, the amount of money coming in from small, regular investments called Systematic Investment Plans (SIPs) only went down a little, from ₹26,400 crore in January to ₹25,999 crore in February.
Net investments in stocks dropped significantly too. In February, net investments were only ₹29,241.78 crore, down from ₹39,669.6 crore in January. Overall, total money coming into mutual funds was ₹40,063 crore. However, there were a lot of sell-outs too, amounting to ₹1,87,551 crore.
Small-cap funds faced the biggest trouble, with inflows dropping from ₹5,721 crore in January to ₹3,722.5 crore in February. Mid-cap fund inflows also fell from ₹5,148 crore to ₹3,407 crore, while large-cap funds saw a smaller decline.
On a brighter side, debt funds did better, gaining ₹1,065 crore in February after losing money in January. Gold ETFs attracted ₹1,980 crore, but that was much less than the ₹3,751.4 crore they received in January.
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