SIP inflows rise 12% to ₹31,961 crore in July, AMFI data shows
Synopsis
SIP contributions crossed ₹31,961 crore in July — up 12.28% year-on-year — as India's mutual fund industry swung from a net outflow of ₹52,948 crore in June to a net inflow of over ₹2.35 lakh crore. Small-cap funds were the standout, surging nearly 39% month-on-month, signalling that retail investors are not just staying in — they are moving up the risk curve.
Key Takeaways
SIP inflows rose 12.28% year-on-year to ₹31,961 crore in July 2025 , per AMFI data.
The mutual fund industry swung to a net inflow of ₹2,35,902.39 crore in July from a net outflow of ₹52,948.78 crore in June.
Small-cap funds led equity inflows, rising 38.66% month-on-month to ₹7,767.50 crore .
Total industry AUM climbed to ₹85.76 lakh crore as of 31 July , up 4.3% from June.
Mutual fund folios increased to 28.09 crore in July from 27.86 crore in June.
Gold ETFs received ₹1,558.75 crore and other ETFs attracted ₹9,512.05 crore during the month.
Systematic Investment Plan (SIP) contributions into mutual funds climbed 12.28 per cent year-on-year to ₹31,961 crore in July 2025, up from ₹28,464 crore in the same month a year earlier, according to data released by the Association of Mutual Funds in India (AMFI) on Tuesday, 11 August. The sustained rise signals deepening retail investor participation in India's financial markets, even as broader economic conditions remain mixed.
Month-on-Month Trend
On a sequential basis, SIP inflows edged up 0.57 per cent from ₹31,781 crore recorded in June 2025. While the month-on-month gain is modest, the consistency of flows above the ₹31,000 crore mark underscores the structural stickiness of the SIP channel — a shift from the more volatile lump-sum investing patterns of earlier years.
Mutual Fund Industry Records Sharp Turnaround
The broader mutual fund industry posted a dramatic reversal in July, logging a net inflow of ₹2,35,902.39 crore against a net outflow of ₹52,948.78 crore in June. Within the equity segment, net inflows stood at ₹24,697.39 crore for the month.
Small-cap funds led the equity category, with net inflows surging 38.66 per cent month-on-month to ₹7,767.50 crore from ₹5,601.96 crore in June — reflecting renewed appetite for higher-risk, higher-growth bets among retail investors. Mid-cap funds attracted ₹6,192.31 crore, marginally higher than June's ₹6,090.17 crore, while flexi-cap funds received ₹4,709.08 crore during the month.
AUM Climbs to ₹85.76 Lakh Crore
Assets under management of equity-oriented schemes rose to ₹38.36 lakh crore at the end of July from ₹37.34 lakh crore at end-June, an increase of approximately 2.7 per cent. The total mutual fund industry AUM expanded to ₹85.76 lakh crore as of 31 July, up from ₹82.22 lakh crore in June — a rise of about 4.3 per cent.
Debt-oriented schemes also swung sharply, recording a net inflow of ₹1,87,511.32 crore in July versus a net outflow of approximately ₹1.09 lakh crore in June. This reversal is partly seasonal, as debt funds typically see quarter-end redemptions followed by fresh allocations in the following month.
Folio Count and Other Categories
The number of mutual fund folios rose to 28.09 crore in July from 27.86 crore in June, reflecting continued retail participation. Among other categories, hybrid schemes attracted net inflows of ₹11,490.56 crore, while other ETFs drew ₹9,512.05 crore and Gold ETFs received ₹1,558.75 crore during the month.
With SIP flows holding above ₹31,000 crore for consecutive months and industry AUM crossing a fresh high, all eyes will be on whether this momentum sustains through the festive quarter, when discretionary spending typically competes with investment allocations.
Point of View
But the more telling signal is small-cap fund inflows jumping nearly 39% in a single month. Retail investors are not merely staying invested — they are actively moving up the risk curve, which raises a familiar question: are they chasing returns or expressing genuine long-term conviction? The debt fund reversal, meanwhile, is largely mechanical — quarter-end redemptions followed by fresh allocations — and should not be read as a structural shift. The real test for SIP resilience will come if equity markets correct sharply; historically, SIP cancellations spike in such periods, and the current folio growth has not yet been stress-tested at these AUM levels.
NationPress
11 Aug 2026
Frequently Asked Questions
What were India's SIP inflows in July 2025?
SIP inflows into mutual funds reached ₹31,961 crore in July 2025, a 12.28% rise year-on-year from ₹28,464 crore in July 2024, according to AMFI data released on 11 August.
Which mutual fund category saw the highest inflows in July 2025?
Small-cap funds recorded the sharpest rise within equity schemes, with net inflows surging 38.66% month-on-month to ₹7,767.50 crore in July from ₹5,601.96 crore in June 2025.
What is the total mutual fund industry AUM as of July 2025?
The total mutual fund industry AUM stood at ₹85.76 lakh crore as of 31 July 2025, up approximately 4.3% from ₹82.22 lakh crore at the end of June 2025.
Why did mutual fund net inflows swing so sharply from June to July?
The industry recorded a net inflow of ₹2,35,902.39 crore in July compared to a net outflow of ₹52,948.78 crore in June. The reversal is partly seasonal — debt funds typically see quarter-end redemptions in June followed by fresh allocations in July.
How many mutual fund folios exist in India as of July 2025?
The number of mutual fund folios rose to 28.09 crore in July 2025 from 27.86 crore in June, reflecting continued growth in retail investor participation across the industry.
