Mutual Funds Surge: SIPs Hit New High Amidst Volatility

The mutual fund industry has demonstrated remarkable resilience and growth, largely due to the robust momentum seen in systematic investment plans (SIPs) and inflows across multiple categories, according to a report by ICRA Analytics released on Wednesday.

The Association of Mutual Funds of India's (AMFI) data shows total assets under management (AUM) hit Rs 74.41 lakh crore by June's end, bolstered by bullish equity markets and sustained retail interest. June witnessed strong inflows, notably in the equity, hybrid, and SIP categories.

Equity-oriented schemes drew significant investments with net inflows reaching Rs 23,587 crore. While debt funds saw moderate outflows at Rs 1,711 crore, hybrid funds attracted Rs 23,223 crore due to balanced risk-reward profiles. SIPs remained a key area with contributions peaking at Rs 27,269 crore, driven by financial literacy and digital ease.

(With inputs from agencies.)