Investors Show Unwavering Confidence in Mutual Funds

Despite the turbulent stock market in July, investors demonstrated remarkable confidence by significantly increasing their investments in mutual funds, particularly through equity schemes. This surge led to the setting of several new records within the industry.

Record-Breaking Financial Milestones

The month of July witnessed unprecedented financial milestones: gross SIP flows soared past the Rs 28K crore mark for the first time, reaching Rs 28,464 crore. Similarly, monthly equity flows exceeded the Rs 42K crore mark, hitting Rs 42,702 crore. The mutual fund industry's total assets under management (AUM) also achieved a historic high, nearing Rs 75.4 lakh crore.

Sustained Growth Amidst Global Pressures

Amidst challenges from a strong dollar and continuous foreign fund outflows, the mutual fund industry's growth is a testament to the disciplined and sustained participation of investors. "This reflects deep investor commitment and trust in mutual funds," noted industry experts.

Disciplined Investing Through SIPs

The Systematic Investment Plan (SIP) route contributed significantly to this growth, with contributions reaching a new record high. The number of contributing SIP accounts grew by 5.4%, totaling 9.1 crore, showcasing the resilience and discipline of investors even in volatile markets.