AMFI Mutual Fund Data February: Gold ETF Inflows Crash 78%, Equity Fund Inflows Up 8% | What It Means For You?

AMFI Mutual Fund Data: Net inflows into equity mutual fund categories rose 8% month-on-month to Rs 25,977 crore in February. While equity fund investments strengthened during the month, inflows into gold exchange-traded funds (ETFs) witnessed a sharp decline. According to February data from the Association of Mutual Funds in India (AMFI) released on Tuesday, March 10, gold ETF inflows dropped around 78% to Rs 5,254.95 crore during the period.

The SIP inflows saw some decline however, inflows in the midcap, small cap and thematic mutual funds scheme remained healthy. The month of February witnessed a reversal in the trend of investors shifting their wealth from equities to the commodities segment. In January, when gold and silver prices surged sharply, the precious metals segment had seen a significant rise in investor inflows.

Decline in gold and silver ETF portfolios investment after sharp jump in the scheme in January indicates that the money is rotating back to equities because of equity price corrections, according to Vaibhav Chugh, CEO, Abakkus Mutual Fund.

"The overall AUM has crossed 82000 Crs, a testament to the deepening of financialization of Indian savings. Despite February having fewer days which slightly impacted the SIP, the underlying sentiment remains robust with folio growth," explained Chugh.

AMFI February Mutual Fund Data: Jump In Equity Mutual Fund Inflows

The net inflows in the equity mutual funds stood at Rs 25,977.91 crore in February, whichwas higher than Rs 24,028.59 crore reported in January. Sectoral and thematic funds saw a 187% surge in inflows to Rs 2,987 crore. Inflows in flexicap funds declined around 10% every month. Net inflows in the large, mid and small-cap funds increased 5%, 26%, and 32%, respectively.

Persistent Investors' Nervousness In the Market

"While the rise in inflows is a positive sign, it is still lower than earlier peaks, as investor sentiment has been somewhat cautious. Over the past 18 months, markets have largely delivered muted returns, which has led some investors to redeem funds and adopt a more defensive approach. Additionally, global uncertainties such as geopolitical tensions and trade-related developments have contributed to short-term nervousness in the markets," explained Swapnil Aggarwal, Director, VSRK Capital.

AMFI February Mutual Fund Data: Gold ETF Inflows Crash 78%

The gold ETF inflows in February declined around 78% to Rs 5,254.95 crore in February 2026 against Rs 24,039.96 crore in January. The sharp fall in gold ETFs coincided with a jump in price correction in gold and silver rates in February and March. Gold prices jumped to fresh record high in January, but the prices corrected in February.

"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," explained Nitin Agrawal, CEO, Mutual Funds, InCred Money.