Equity mutual funds recorded net inflows of ₹25,978 crore in February, an 8% increase from the previous month, supported by positive investor sentiment following the India–US trade deal, according to data released by Association of Mutual Funds in India (Amfi) on Tuesday. 

Total AUM hits ₹82 lakh crore in February

The inflows helped push the mutual fund industry’s total Assets Under Management (AUM) to ₹82 lakh crore in February, up from ₹81 lakh crore in January. 

According to Venkat N. Chalasani, the positive trend in equity investments was partly driven by the India–US trade agreement, which improved investor confidence in the domestic market. 

“There could be some volatility this month due to the escalating Middle East conflict involving the US, Israel, and Iran, but India’s growth story will continue in the long term,” he said. 

Data showed that equity inflows rose to ₹25,978 crore in February compared with ₹24,028 crore in January. 

Flexi-cap funds attracted the highest inflows

Among equity schemes, flexi-cap funds attracted the highest inflows at ₹6,924.65 crore, followed by mid-cap funds with ₹4,003 crore and small-cap funds with ₹3,881 crore. Sectoral and thematic funds saw inflows of ₹2,987 crore, while large-cap funds recorded net additions of ₹2,112 crore. 

However, equity-linked savings schemes (ELSS) registered net outflows of ₹650 crore, indicating some profit booking or a moderation in tax-saving investments during the month. 

MF industry recorded net inflows of ₹94,530 cr in Feb

Overall, the mutual fund industry recorded net inflows of ₹94,530 crore in February, lower than the ₹1.56 lakh crore reported in January. 

Meanwhile, gold exchange-traded funds (ETFs) attracted inflows of ₹5,255 crore in February, compared with ₹24,040 crore in January and ₹11,647 crore in December. 

Debt mutual funds also witnessed net inflows of ₹42,106 crore during the month, though this was lower than the ₹74,827 crore recorded in January. 

Nitin Agrawal, CEO, Mutual Funds, InCred Money, said, "The standout takeaway from February's AMFI data is the resilience of equity inflows despite ongoing market volatility. Categories like Flexi-cap, Mid-cap and Small-cap continued to attract meaningful allocations, a signal that investors are leaning into segments that have witnessed drawdowns and now offer relative value. Gold ETFs, which saw record inflows in January 2026, appear to have moderated, suggesting that some of that defensive positioning is unwinding and equity is regaining its appeal as the preferred vehicle for long-term wealth creation."