Systematic Investment Plan (SIP) contributions in India surged to an all-time high of ₹29,361 crore in September 2025, marking a 4% increase from ₹28,265 crore in August, according to data from the Association of Mutual Funds in India (AMFI). This represents the 55th consecutive month of positive equity inflows, highlighting the sustained popularity of disciplined, long-term investing among Indian retail investors.
Retail Investors Drive Growth
Retail participation remains the backbone of SIP inflows. Active SIP accounts now exceed 9.25 crore, while total retail folios across equity, hybrid, and solution-oriented schemes have reached 19.8 crore. The mutual fund industry’s total assets under management (AUM) climbed to ₹75.61 lakh crore, with SIP AUM contributing ₹15.52 lakh crore—about 20.2% of total industry assets.
Venkat N Chalasani, Chief Executive, AMFI, said:
“SIPs achieved a new milestone with record monthly contributions and over 9.25 crore active accounts. This highlights retail investors’ growing preference for disciplined, long-term investing.”
He added that the addition of over 30 lakh new folios, pushing the total folio count beyond 25 crore, underscores the deepening trust in mutual funds as a key avenue for wealth creation.
Equity Inflows Continue Positive Trend
Equity-oriented mutual funds recorded net inflows of ₹30,405 crore in September, maintaining a positive trend but showing a slight moderation for the second consecutive month (after ₹42,703 crore in July and ₹33,417 crore in August).
Category-wise highlights:
- Flexi-cap funds: ₹7,029 crore (highest inflows)
- Mid-cap funds: ₹5,085 crore
- Small-cap funds: ₹4,363 crore
- Large-cap funds: ₹2,319 crore, reflecting investor caution amid elevated valuations
- Sectoral & thematic funds: ₹1,220 crore, supported by new fund launches
- Equity-Linked Saving Schemes (ELSS): Net outflow of ₹308 crore
- Dividend yield funds: Net outflow of ₹168 crore
New Fund Offers Gain Momentum
The market also saw active participation in New Fund Offers (NFOs), with nine NFOs mobilising ₹1,959 crore in September. Among these, the Baroda BNP Paribas Business Conglomerates Fund emerged as the most subscribed, attracting significant investor interest.
Summary
September 2025 marked a record-breaking month for SIP inflows, driven by retail investors’ confidence in systematic, long-term investment strategies. While equity inflows remain robust, investors are becoming more selective across fund categories, and new fund launches continue to attract attention, underscoring the evolving dynamics of India’s mutual fund industry.
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