Indian mutual fund equity inflows dropped 14% in January 2026 due to global tensions and foreign investor withdrawals, though overall fund inflows rose on strong debt and gold demand.

Indian equity mutual fund inflows fell 14% month-on-month in January 2026 to ₹24,028 crore, driven by geopolitical tensions and a $4 billion withdrawal by foreign investors. Major indices declined, with Nifty 50 and Sensex dropping 3.1% and 3.5%, while small- and mid-cap stocks fell further. Despite the equity dip, overall mutual fund inflows surged to ₹1.56 lakh crore, boosted by strong demand in debt, hybrid, and gold ETFs. Monthly SIPs remained stable at ₹31,002 crore, up 17% from a year earlier. Total assets under management rose to ₹80.76 lakh crore.