A curated summary of key trends shaping the Indian mutual fund landscape — AUM movements, category flows, SIP momentum, and market context for January 2026.
Key Highlights · January 2026
59th consecutive month of positive inflows. Flexi-cap led at ₹7,672 Cr for the 6th straight month.
AUM ↓2.4% to ₹34.87L CrAssets rose 4.4% MoM to ₹18.90L Cr, led primarily by the highest ever inflows into overnight funds.
Liquid & money market flows strongHybrid assets remained largely stable at ₹11.01L Cr. Multi-asset allocation added ₹10,485 Cr.
Multi-asset ~60% of hybrid flowsPassive assets rose to a record ₹15.41L Cr, with Gold ETFs attracting ₹24,040 Cr during the month.
Highest ever passive inflowsSIP assets stood at ₹16.36L Cr, representing 20.2% of industry AUM, with 9.92 Cr contributing accounts.
Retail participation remained robustNifty 50 declined 3.0% and Sensex fell 3.5%. FIIs remained net sellers at ₹35,962 Cr in January.
DIIs provided partial support
