Equity inflows have started to cool after a strong run, with signs that the momentum seen at the July 2025 peak is no longer holding, says Viraj Gandhi, CEO of SAMCO Mutual Fund
For the fifth month in a row, we have seen equity inflows slowing down from its previous 12 months averages. Markets are nervous due to delay in trade deal with US, currency depreciation, FPI outflows and due to volatile valuations of equities.
In previous one-year Indian indices were one of the worst performing among the emerging market index due to above-mentioned reasons.
On other hand bullions metals like gold, silver has been on a stellar rally leading to slowing equity related flows in mutual fund segment.
Barring flexi cap funds and large and midcap funds all other schemes are witnessing moderation in collections due to prevailing market conditions.
Among the hybrid schemes, multi asset allocation funds have continued to attract highest flows in the past month. These funds have been star performer since past three to four years.
Gold and other ETFs are witnessing record high inflows due to gold shining high in recent times.
After stabilizing around ₹29,400-29,500 crore per month, the SIP collection jumped at its highest ever level of ₹31,000 crore in December 2025. This jump of around 5% in monthly collection of SIP flows is the hallmark of investors’ confidence in the MF industry.
