SIP inflows hit new high of Rs 28,464 crore, equity inflows soar 81% in July
He further noted that SIP flows have demonstrated remarkable resilience, maintaining their upward trajectory independent of short-term market movements. “The 61.91 lakh new SIP accounts alone reflects a structural shift in household savings behaviour. Unlike episodic lump-sum investments that fluctuate with market sentiment, SIP contributions have maintained their secular growth pattern, with total outstanding SIP accounts reaching 919.32 lakh by June, indicating that investors now view equity markets as a legitimate long-term wealth creation avenue rather than a speculative instrument,” he said.
A total of 30 new fund offers were launched in the reporting month which collectively raised a total of Rs 30,416 crore. Of these, 10 equity schemes garnered a total of Rs 8,997 crore, five debt schemes raised Rs 18,948 crore, two hybrid schemes raised Rs 1,887 crore and six other schemes mopped up Rs 584 crore.
Inflows into small cap funds touched Rs 6,484 crore from Rs 4,024 crore. Likewise, inflows into mid cap funds hit Rs 5,182 crore, 38% higher than the corresponding figure in June and inflows into large cap funds reached Rs 2,125 crore, up 25%.
When it comes to hybrid funds, multi asset allocation funds saw an inflow nearly doubling to Rs 6,197 crore from Rs 3,210 crore in June; dynamic asset allocation funds on the other hand saw an inflow of Rs 2,611 crore from Rs 1,885 crore. But arbitrage funds saw inflows more than halving to Rs 7,295 crore from Rs 15,584 crore.
Himanshu Srivastava of Morningstar India said equity-oriented funds saw a record-breaking performance in July garnering net inflows of over Rs 42,702 crore, the highest-ever monthly tally for the segment. This was a sharp rise from Rs 23,587 crore in June underscoring a clear resurgence in domestic risk appetite.
Meanwhile, debt funds saw Rs 1.07 trillion in net inflows in July, led by liquid, money market categories, taking the AUM to Rs 1.25 trillion from the previous month.
Debt-oriented mutual funds posted a sharp recovery in July, reversing the outflows recorded in the previous month. Income/debt-oriented schemes saw net inflows of Rs 1.07 trillion in July, compared to an outflow of Rs 1,711 crore in June and inflows of Rs 1.20 trillion in July 2024.
Liquid and money market funds drove the turnaround with liquid funds getting in Rs 39,355 crore as against an outflow of Rs 25,196 crore in June, though lower than the Rs 70,061 crore inflows in July 2024, and money market funds seeing inflows of Rs 44,574 crore, up from Rs 9,484 crore in June and Rs 28,738 crore a year earlier; overnight funds reported Rs 8,866 crore as against an outflow of Rs 8,154 crore and inflows of Rs 4,452 crore in the year-ago period.