Retail investors’ trust in systematic investment plans (SIP) is clearly on a rise with monthly contributions hitting an all-time high at ₹15,244 crore in July, shows the latest AMFI (Association of Mutual Funds in India) data on Wednesday.
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 percent to ₹7,626 crore while inflows to debt funds spiked from an outflow of ₹14,135 crore in June to an inflow of ₹61,440 crore in July.
Net inflows/ outflows in mutual funds
| Month | Equity ( ₹crore) | Debt ( ₹crore) |
| July | 7,626 | 61,440 |
| June | 8,637 | -14,135 |
| May | 3,240 | 45,959 |
Inflows to small cap schemes remained high in July just as in June also with total inflows hitting ₹4,171 crore (see table below) whereas large cap funds funds witness massive redemptions with outflows to the tune of ₹1,880 crore in July.
| Month | Small cap ( ₹crore) | Large-cap ( ₹crore) |
| July | 4,171 | -1,880 |
| June | 5,471 | -2,049.61 |
Key trends in July
I. SIP contribution stood at an all-time high of ₹15,244.73 crores in July 2023.
II. Number of new SIPs registered in July 2023 were 33,06,337 highest ever
III. The SIP AUM stood at ₹8,32,274.61 for July 2023, compared to ₹ 7,93,608.79 crores for June 2023.
IV. Mutual Fund Folios reached an all-time high of 15, 14,21,270 in the month of July 2023 compared to 14,91,31,708 for the month of June 2023.
While reflecting on the mutual fund trends in July, NS Venkatesh, CEO, AMFI, said, “The surge in retail investors’ interest in mutual funds has translated into impressive inflows across scheme categories. The star performer this month has been Systematic Investment Plan with an impressive 33,06,337 new SIP accounts registered and a record ₹15,245 crores of monthly contribution. Moreover, the industry’s Assets Under Management (AUM) have grown by 25 percent year-on-year, underscoring mutual funds’ significance in financialisation of savings.”
