The latest data on Mutual funds, one of the most crucial wealth generation and investment tools, for the month of January has been published.

Mutual Fund Inflow Slumps

As per the Association of Mutual Funds of India (AMFI), the nodal agency for mutual funds in India, equity mutual fund inflows marginally fell by 3.6 per cent in January. The total inflow for the month of January stood at Rs 39,687.78 crore.

This comes at a time when the equity markets have generally suffered, with both the benchmark Sensex and Nifty tripping in red. In the past few days, after a period of relative increase in value, the markets once again entered a period of lull.

Meanwhile, when we look at the companies that found the most attention.

Bought and Sold

As per an ET report, large-scale buying came to pass in the case of Reliance Industries, Axis Bank, Hindustan Unilever, Infosys, and HDFC Bank.

However, when it comes to dealing part, the highest selling was seen in ITC, Jio Financial, SBI, Polycab India, and HCL Technologies.

Axis Bank (Rs 8900 crore), HDFC Bank (Rs 5000 crore), and ICICI Bank (Rs 3500 crore) were the mutual fund industry's top additions. while Reliance Industries (Rs 2600 crore), ITC (Rs 1800 crore), and Bharat Electronics (Rs 800 crore) saw the biggest declines.

Here, largecap funds saw surged 52.3 per cent to Rs 3,063.33 crore.

Midcap Investment Rises

When we came to the mid-cap segment, key buying was seen in Adani Wilmar, Dixon Technologies, Indraprastha Gas, and Muthoot Finance.

This comes at a time when midcap funds saw a marginal rise to Rs 5,147.87 crore. Meanwhile, small caps saw higher investments.

Similarly, key selling was observed in Coforge, Cummins India, Poonawalla Finance, and Kalyan Jewellers.