Mutual fund SIP inflow hits record high in July, rises 4% to Rs 28,464 cr

The mutual fund SIP inflows rose 4% to hit a record high of Rs 28,464 crore as against Rs 27,269 crore recorded in June.

The total assets under management (AUM) witnessed a marginal growth of 1% to Rs 75.10 lakh crore in July as against Rs 74.14 lakh crore in June. On a yearly basis, the AUM has gained 16% from Rs 64.69 lakh crore in July 2024.

The inflows in equity mutual funds surged 81% to Rs 42,702 crore in July against an inflow of Rs 23,587 crore in June. Among the 11 sub-categories, sectoral and thematic mutual funds have managed to gain first position again in the inflow chart. These funds received a total inflow of Rs 9,426 crore

Debt mutual funds have gained investors’ interest again in July as these funds received a total inflow of Rs 1.06 lakh crore against a continuous outflow in the last two months. Money market funds received the highest inflow of Rs 44,573 crore in July, followed by liquid funds, which received a total inflow of Rs 39,354 crore.

Hybrid funds saw a decline of 10% in the monthly inflows as these funds received an inflow of Rs 20,879 crore in July against an inflow of Rs 23,222 crore in June.

All hybrid categories received inflows, with arbitrage funds continuing to receive the highest inflow of Rs 7,295 crore in July, followed by multi asset allocation funds receiving a total inflow of Rs 6,197 crore.

Other schemes, which include passive funds such as ETFs and index funds, have witnessed a surge of 107% in the monthly inflows and received a total inflow of Rs 8,259 crore in July against an inflow of Rs 3,997 crore in June.

In July, around 30 open-ended mutual funds were launched, which together received Rs 30,416 crore, with debt funds being the highest contributors. Five debt funds were launched in July, which together collected Rs 18,948 crore.