SIP contributions hit ₹31,961 crore in July 2026, a marginal rise. Equity inflows moderated, but small and mid-cap funds saw growth. By Anshul August 11, 2026, 1:04:38 PM IST (Published)
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Systematic Investment Plan (SIP) contributions rose marginally month-on-month to ₹31,961 crore in July 2026 from ₹31,781 crore in June, according to data released by the Association of Mutual Funds in India (AMFI). SIP inflows increased by ₹180 crore, or around 0.6%, during the month.
The latest data comes as overall net equity inflows into mutual funds declined to ₹24,685 crore in July from ₹28,961 crore in June. Despite the moderation in overall equity inflows, SIP contributions remained above ₹31,000 crore during the month. Within equity-oriented categories, small-cap funds saw net inflows rise to ₹7,767.5 crore in July from ₹5,602 crore in June, while mid-cap funds recorded inflows of ₹6,192 crore compared with ₹6,090.2 crore in the previous month. Large-cap funds, however, saw a net outflow of ₹1,322 crore in July.
Suranjana Borthakur, Head of Distribution & Strategic Alliances at Mirae Asset Investment Managers (India), said flexi-cap funds had continued to attract a fair share of flows in recent months, while mid- and small-cap categories had also continued to see inflows. Santosh Joseph, Founder and Partner at Germinate Investor Services LLP, said flexi-cap funds were becoming a key destination for fresh diversified equity allocations. He also pointed to continued investor preference for mid- and small-cap funds. Himanshu Srivastava, Principal, Manager Research at Morningstar Investment Research India, said continued SIP inflows remained a key driver of investor participation in equity-oriented mutual fund categories in July.
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He said investors continued to allocate through mutual funds despite a mixed market environment, with the recovery in Indian equities from the correction earlier in the year also supporting investor confidence. The mutual fund industry’s total assets under management rose to ₹85.59 lakh crore in July from ₹82.22 lakh crore in June. Note To Readers
his article is for informational purposes only and should not be construed as investment advice. Readers should consult certified experts before making any investment decisions.
