Thehindubusinessline iconThehindubusinesslineSep 10, 2026 ~4 min source read

SIP inflows reach record ₹32,297 crore in August as SIP accounts cross 10 crore

Despite market turbulence from geopolitical tensions and higher crude prices, monthly SIP collections hit a fresh high; equity, small-cap and mid-cap funds accounted for most of the inflows and industry AUM rose on mark-to-market gains.

SIP inflows hit record ₹32,297 crore in August despite market volatility

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He added that the opportunity for the mutual fund industry now lies in converting this growing participation into deeper engagement by helping investors remain focused on their financial goals and...

Interestingly, investments in small-cap funds remained buoyant at ₹7,973 crore, compared with ₹7,767 crore in July, according to data released by the Association of Mutual Funds in India (AMFI) on Thursday.

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# What happened

# Where the money went

Gold ETFs also drew strong monthly interest, receiving ₹2,597 crore compared with ₹1,559 crore in July. Newly introduced life-cycle funds attracted smaller but notable inflows (₹8 crore). New fund offers (NFOs) added to the net sales picture: NFO mobilisations of ₹3,051 crore in equity schemes and ₹1,848 crore in other categories were reported.

# Industry-size impact

# What industry figures said Venkat Chalasani, Chief Executive of the Association of Mutual Funds in India (AMFI), noted investors continued to believe in India's growth story despite geopolitical concerns and rising crude prices. The AMFI release also pointed to the Reserve Bank of India's ability to absorb $127 billion as a notable development mentioned in the same coverage.

Manish Mehta, Chief Business Officer at SBI Mutual Fund, highlighted that NFO mobilisations contributed meaningfully to net sales and that mid- and small-cap schemes remained large contributors to inflows. Harish Krishnan, CIO - Equity at Aditya Birla Sun Life AMC, said the strength of equity inflows reflects sustained participation in the broader market but warned that the small-cap segment requires careful differentiation because valuations and fundamentals vary widely.

Saugata Chatterjee of Nippon India Mutual Fund linked record SIP contributions and a moderating stoppage ratio to growing investment discipline among Indian investors. Gaurav Goyal of Canara Robeco AMC said robust SIP flows indicate investors are staying invested through market cycles and that the industry's opportunity is to deepen engagement and keep investors focused on their financial goals.

# Bottom line for investors

# Quick facts

  • SIP inflows in August: ₹32,297 crore (record)
  • SIP inflows in July: ₹31,861 crore
  • Contributing SIP accounts: 10.2 crore (July: 9.9 crore)
  • Small-cap SIP inflows: ₹7,973 crore (July: ₹7,767 crore)
  • Mid-cap SIP inflows: ₹6,989 crore (July: ₹6,192 crore)
  • Equity fund inflows (SIP): ₹29,329 crore (July: ₹24,697 crore)
  • Gold ETF inflows: ₹2,597 crore (July: ₹1,559 crore)
  • Industry AUM: ₹87.07 lakh crore (previous: ₹85.76 lakh crore)
  • NFO mobilisations: ₹3,051 crore (equity), ₹1,848 crore (others)

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