SIP Collections Surge to All-Time High of ₹29,361 Crore in September

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Mumbai: Retail investor confidence in the Indian equity market reached a new peak in September as Systematic Investment Plan (SIP) inflows soared to a record high of ₹29,361 crore. This strong, disciplined investing cushioned a broader slowdown in overall equity fund inflows for the second consecutive month.

Retail Power on Full Display 📈

Data from the Association of Mutual Funds in India (AMFI) revealed that September’s SIP contributions were up 4% from ₹28,265 crore in August. This marks the 55th straight month of positive equity inflows, showcasing the unwavering trust of domestic investors.

The sustained momentum has significantly boosted the mutual fund industry’s assets. The total assets under management (AUM) climbed to ₹75.61 lakh crore, with the SIP AUM alone reaching ₹15.52 lakh crore. This means SIPs now account for over 20% of the industry’s total assets.

The growth is driven by an expanding investor base, with active SIP accounts rising to 9.25 crore and total retail folios crossing the 19.8 crore mark.

“SIPs reached a new milestone… reaffirming retail investors’ growing preference for disciplined and systematic investing,” said Venkat N Chalasani, Chief Executive of AMFI. He noted that the addition of over 30 lakh new folios highlights the “widening reach and trust in mutual funds as a key vehicle for wealth creation.”

Equity Inflows Moderate but Remain Strong

While SIPs set records, net inflows into equity-oriented mutual funds saw a healthy consolidation. The category attracted ₹30,405 crore in September, a moderation from the ₹33,417 crore seen in August and the record ₹42,703 crore in July.

However, analysts are not concerned, viewing the trend as a natural stabilization after months of exceptionally strong buying.

“While the pace of inflows softened, the overall trend continues to reflect sustained investor confidence in equities,” said Nehal Meshram, Senior Analyst at Morningstar Investment Research India. She added that the moderation appears “cyclical rather than structural” and that investors remained “undeterred by intermittent market volatility.”

Fund Category Breakdown

• Flexi-cap funds were the top choice for investors, attracting ₹7,029 crore.
• Mid-cap and small-cap funds continued to be popular, with inflows of ₹5,085 crore and ₹4,363 crore, respectively.
• Large-cap funds saw more modest additions of ₹2,319 crore, as investors appeared more selective amid high valuations.
• On the other hand, ELSS (tax-saver) funds and dividend yield funds experienced outflows of ₹308 crore and ₹168 crore, respectively.

New fund offers (NFOs) also contributed to the month’s activity, mobilizing ₹1,959 crore across nine different schemes.