The Indian mutual fund industry sustained its growth trajectory in January 2026, with the Net Assets Under Management (AUM) climbing to ₹ 81.01 lakh crore, according to the latest monthly data released by the Association of Mutual Funds in India (AMFI). This marks an increase from ₹ 80.23 lakh crore recorded in December 2025, reflecting continued investor confidence.
A key indicator of industry health, the Average AUM (AAUM) for January 2026 stood at ₹ 82.01 lakh crore.
Retail Participation and Folio Growth
Retail investors remain the bedrock of the industry’s expansion. The total number of investor folios surged to a record 26.63 crore in January 2026, adding a net 5.06 lakh new folios during the month. Within this, folios in retail-oriented schemes (Equity, Hybrid, and Solution Oriented) grew to 20.43 crore, holding a retail AUM of ₹ 46.49 lakh crore.
SIPs: The Unstoppable Engine
The Systematic Investment Plan (SIP) phenomenon continues to power the market. January 2026 marked the 59th consecutive month of positive inflows into equity-oriented schemes, a streak unbroken since March 2021.
SIP contributions for the month amounted to ₹ 31,002.33 crores.
The total SIP book size has reached ₹ 16.36 lakh crore, now constituting 20.2% of the entire industry’s assets.
The number of active SIP accounts stands at a robust 9.92 crore.
New Launches and Sustainable Investing
The month witnessed the launch of 12 new open-ended schemes across various categories, collectively mobilizing ₹ 1,939 crores. This indicates ongoing product innovation and diversification to meet evolving investor needs.
In a sign of growing investor interest in thematic opportunities, the Sustainable Investment Fund (SIF) category saw inflows of ₹ 1,729 crore, taking its total assets to ₹ 6,564 crore. Hybrid strategies within the SIF space were particularly popular, attracting ₹ 1,637 crore of the total inflows.
Commenting on data Mr. Venkat Chalasani:
“January’s data reflects a broadly steady trend in India’s mutual fund industry despite ongoing global uncertainties and short-term market volatility. Industry AUM crossed ₹81 lakh crore, continuing the gradual expansion seen over recent years. Equity inflows remained positive for the 59th consecutive month, while SIP contributions stayed largely stable, indicating continued investor participation. Flows into hybrid, multi-asset, and passive products—including increased allocations to gold and silver ETFs—suggest a measured approach by investors toward diversification and portfolio balance. Overall, these developments indicate that mutual funds remain a widely used investment avenue, with participation levels holding up across varying market conditions”.
