SIP inflows hit 3-month high of ₹31,781 crore in June; Gold ETF inflows surge 570%
Synopsis
Despite West Asia conflict rattling global markets, Indian retail investors poured ₹31,781 crore into SIPs in June — a three-month high — while Gold ETF inflows swung from a ₹725 crore outflow to ₹3,443 crore in a single month, a 570% reversal that signals both resilience and a flight to safety happening simultaneously.
Key Takeaways
SIP inflows hit a three-month high of ₹31,781 crore in June 2026 , up 3% month-on-month and 17% year-on-year.
Gold ETF net inflows surged 570% to ₹3,443.23 crore , reversing a ₹725 crore outflow in May.
Equity mutual fund net inflows rose nearly 26% month-on-month to ₹28,973.41 crore .
Mid-cap funds led equity inflows at ₹6,090.17 crore , followed by small-cap at ₹5,601.96 crore .
Total mutual fund industry AUM stood at ₹82.22 lakh crore with 27.86 crore folios at end of June.
Mutual fund SIP inflows climbed to a three-month high of ₹31,781 crore in June 2026, rising 3% month-on-month and 17% year-on-year, even as volatile market conditions persisted amid the West Asia conflict, according to data released by the Association of Mutual Funds in India (AMFI). The figure marks a ₹827 crore jump from ₹30,954 crore recorded in May and a ₹4,512 crore rise from ₹27,269 crore in June 2025.
Gold ETFs Stage a Sharp Turnaround
Gold exchange-traded funds (ETFs) recorded a dramatic reversal in investor sentiment, attracting net inflows of ₹3,443.23 crore in June — a 570% swing from a net outflow of ₹725 crore in May. The surge reflects renewed appetite for safe-haven assets amid geopolitical uncertainty. Other ETFs also remained in demand, drawing net inflows of ₹13,237.76 crore during the month.
Equity Mutual Funds See Robust Demand
Equity-oriented mutual fund schemes posted a near 26% month-on-month jump in net inflows, rising to ₹28,973.41 crore in June from ₹22,907.77 crore in May, per AMFI data. The equity mutual fund category mobilised ₹67,600.90 crore in gross subscriptions during the month, against redemptions of ₹38,627.49 crore.
Mid-Cap and Small-Cap Funds Lead Equity Inflows
Among equity categories, mid-cap funds attracted the highest net inflow at ₹6,090.17 crore, followed by small-cap funds at ₹5,601.96 crore and flexi-cap funds at ₹5,231.31 crore. Large and mid-cap funds received ₹4,321.32 crore, while multi-cap funds drew ₹3,070.26 crore and large-cap funds saw ₹2,067.48 crore in net inflows. Sectoral and thematic funds garnered ₹1,469.26 crore, followed by focused funds at ₹1,118.18 crore and value/contra funds at ₹686.79 crore.
Industry AUM and Folios at a Glance
The assets under management (AUM) of equity-oriented schemes stood at ₹37.34 lakh crore as of 30 June, while Gold ETF average AUM reached ₹1.76 lakh crore. The mutual fund industry's total AUM stood at ₹82.22 lakh crore at the end of June, with the total number of mutual fund folios rising to 27.86 crore. The resilience of SIP flows despite geopolitical headwinds underscores the deepening of retail investor participation in Indian capital markets. Whether this momentum holds will depend on how global risk sentiment and domestic equity valuations evolve through the second half of 2026.
Point of View
They are hedging within it. SIP resilience through a geopolitical shock is encouraging, but the simultaneous rush into gold suggests retail investors are more risk-aware than they are often credited for. The mid-cap and small-cap dominance in equity inflows, however, warrants scrutiny: these are the segments most vulnerable to a sentiment reversal, and their continued outperformance in inflows even as valuations remain stretched raises questions about whether retail money is chasing returns rather than fundamentals. With total industry AUM at ₹82.22 lakh crore, the structural growth story is intact — but the composition of flows deserves closer watching.
NationPress
10 Jul 2026
Frequently Asked Questions
What were India's SIP inflows in June 2026?
SIP inflows reached ₹31,781 crore in June 2026, a three-month high that was 3% higher than May and 17% above June 2025 levels, according to AMFI data. The rise came despite volatile market conditions linked to the West Asia conflict.
Why did Gold ETF inflows surge 570% in June?
Gold ETF net inflows jumped to ₹3,443.23 crore in June from a net outflow of ₹725 crore in May, a 570% turnaround. The surge is attributed to heightened demand for safe-haven assets amid ongoing geopolitical tensions in West Asia.
Which equity mutual fund category attracted the most inflows in June?
Mid-cap funds led all equity categories with net inflows of ₹6,090.17 crore in June 2026, followed by small-cap funds at ₹5,601.96 crore and flexi-cap funds at ₹5,231.31 crore, per AMFI data.
What is the total AUM of the Indian mutual fund industry as of June 2026?
The Indian mutual fund industry's total assets under management stood at ₹82.22 lakh crore at the end of June 2026. Equity-oriented scheme AUM was ₹37.34 lakh crore, while Gold ETF average AUM was ₹1.76 lakh crore.
How many mutual fund folios exist in India as of June 2026?
The total number of mutual fund folios rose to 27.86 crore as of the end of June 2026, reflecting continued growth in retail investor participation across the country.
