Systematic Investment Plan (SIP) contributions touched an all-time high of ₹28,464 crore in July, according to data released by the Association of Mutual Funds in India (AMFI) on Monday. This marks the second consecutive month of record inflows, following ₹27,000 crore in June.
Equity-oriented mutual funds recorded net inflows of ₹42,702 crore in July, up 81 per cent from ₹23,587 crore in June. This is the 53rd consecutive month of positive flows into equity funds. The rise was supported by strong New Fund Offer (NFO) collections of ₹30,416 crore from 30 schemes — the highest monthly mobilisation to date.
Small-cap schemes led the inflows with ₹6,484 crore, followed by mid-cap funds at ₹5,182 crore and flexi-cap funds at ₹7,654 crore. Sectoral and thematic funds saw inflows of ₹9,426 crore, aided by the launch of seven new schemes. Large-cap funds attracted ₹2,125 crore, while equity-linked savings schemes (ELSS) posted net outflows of ₹368 crore.
The mutual fund industry’s Assets Under Management (AUM) rose to ₹75.36 lakh crore in July, up from ₹74.40 lakh crore in June and ₹72.19 lakh crore in May. Retail participation also grew, with total mutual fund folios increasing to 24.57 crore from 24.13 crore in June.
Gold ETFs recorded inflows of ₹1,256 crore, while other ETFs saw ₹4,476 crore. Open-ended debt funds posted net inflows of ₹1,06,801 crore, led by liquid funds which saw ₹39,354 crore in July compared to an outflow of ₹25,196 crore in June.
-IANS
