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Mutual Fund SIPs hit an all-time high in July

Retail investors’ trust in SIP is clearly on a rise with monthly contributions hitting an all-time high at 15,244 crore rupees in July

The number of new mutual fund SIPs registered in July were also highest ever at 33 lakh.

 However, inflows to equity mutual funds in July dropped by 11.7% to 7,626 crore rupees

While inflows to debt funds spiked from an outflow of 14,135 crore rupees in June to an inflow of 61,440 crore rupees in July.

Inflows to small cap schemes remained high in July just as in June also with total inflows hitting 4,171 crore rupees 


Whereas large cap funds funds witness massive redemptions with outflows to the tune of 1,880 crore rupees in July.

Mutual Fund Folios reached an all-time high of 15, 14,21,270 in July as compared to 14,91,31,708 for June.

 NS Venkatesh, CEO, AMFI, said, “The surge in retail investors’ interest in mutual funds has translated into impressive inflows across scheme categories."

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The SIP AUM stood at ₹8,32,274 for July 2023 as compared to ₹7,93,609 crores for June 2023.

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Mutual Fund SIPs hit an all-time high in July

The SIP AUM stood at ₹8,32,274 for July 2023 as compared to ₹7,93,609 crores for June 2023.

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