Mutual fund SIP inflows surge 10% to surpass Rs 23,000 crore for the first time

Even as equity mutual fund (MF) inflows decreased by 9% in July, SIP inflows surged by 10%, surpassing the Rs 23,000 crore mark for the first time.

According to the monthly data released by Association of Mutual Funds in India (AMFI), the monthly SIP contribution in July stood at Rs 23,332 crore against Rs 21,262 crore in June. The number of new SIPs registered in July stood at 72,61,928. The SIP AUM was highest ever at Rs 13.09 lakh crore for July 2024 compared to Rs 12.43 lakh crore for June 2024.

The number of SIP accounts stood at the highest ever at 9,33,96,174 in July 2024 as compared to 8,98,66,962 in June.


The average assets under management (AAUM) for July 2024 was recorded at Rs 64.70 lakh crore and for June 2024 was Rs 61.33 lakh crore.

The MF folios were at an all-time high at 19,84,06,294 in July 2024. Retail MF Folios which includes equity, hybrid, and solution-oriented schemes were also at an all-time high at 15,89,35,085 in July compared to 15,32,56,488 in June.

The retail AUM which includes equity, hybrid, and solution-oriented schemes stood at Rs 38.35 lakh crore for July 2024 with an average AUM of Rs 37.77 lakh crore.

Equity MFs saw positive inflows for a straight 41-month starting from March 2021. The growth/equity-oriented schemes inflows for July were at Rs 37,113.39 crore.

“The mutual fund industry has demonstrated positive growth with retail investors consistently embracing mutual funds as a reliable investment avenue. It’s evident that MFs have become an integral part of retail investors' financial strategies. SIP contributions reaching an all-time high of ₹23,331.75 crores in July 2024 reflects the growing financial discipline among retail investors, helping them build wealth systematically over time. As we continue to navigate an ever-evolving market landscape, the industry's focus remains on empowering investors and fostering long-term financial well-being,” said Venkat Chalasani, Chief Executive, AMFI.

Commenting on the budget feedback, AMFI in its monthly press release mentioned that it has recommended to the authorities advocating for the continuation of grandfathering for investments in the respective categories of funds as done in the past. AMFI continues to remain hopeful for a positive outcome.

Hitesh Thakkar, Acting CEO, ITI Mutual Fund
We feel retail investors are now understanding that volatility is part of long-term wealth creation journey. The share of financial assets has been increasing rapidly and within financial assets, mutual fund market share is relatively high. Mutual fund plays a key role in enabling wealth creation for individual investors and providing tools for long term financial planning. I am sure that mutual fund industry will surpass milestone trillion AUM and 100 million Investors in next 3 to 4 years’ time.

Manish Mehta, National Head - Sales, Marketing & Digital Business, Kotak Mahindra AMC
Net equity flows were a tad lower compared to June. The inflow could be attributed to NFO listing and SIP inflows. Most of the lumpsum purchase seem to be through the NFO route