Mumbai, March 8 -- Inflows to open-ended equity funds surged by 23 percent to reach Rs 26,865.78 crore in February, marking the 36th consecutive month of positive inflows into equity funds since March 2021, according to data published by the Association of Mutual Funds in India (AMFI) on Friday.

The investments through systematic investment plans (SIPs) reached a new peak of Rs 19,186 crore last month, surpassing the previous figure of Rs 18,838 crore in January.

Speaking on monthly data, Venkat Chalasani, Chief Executive, AMFI said, There is a surge in SIP accounts, totalling 8.20 crore with 49.79 lakh new SIP registrations. This underscores investors unwavering commitment to disciplined wealth accumulation. The industrys net AUM has a...