Equity MF Inflows Jump 31% To ₹38,307 Crore In Sep; SIP Contributions Hit Record High

Equity mutual fund investments surged by 31% in September 2026, reaching a record ₹38,307 crore as compared to ₹29,328.62 crore in the previous month of August, according to data released by the Association of Mutual Funds in India (AMFI). Systematic Investment Plan (SIP) contributions achieved a new high of ₹32,490 crore, reflecting ongoing interest in regular investment plans.

Despite this growth, the mutual fund industry reported a total net outflow of ₹1,33,214.25 crore, marking a shift from the positive net inflow of ₹41,368.05 crore in the prior month. Small-ticket SIP accounts decreased by 1.4 million in fiscal year 2026 due to market volatility impacting retail mutual fund investors. Small-cap and mid-cap funds led the equity inflows, with small-cap schemes attracting an inflow of ₹9,038.57 crore and mid-cap schemes receiving ₹7,834.84 crore, constituting about 44% of the total equity fund inflows.

Flexi-cap funds also experienced a spike in demand, increasing to ₹6,701.80 crore from ₹5,059.42 crore. Large-cap funds returned to positive territory, receiving ₹859.47 crore after withdrawals in June and July. The September increase in equity fund investments followed a 19% rise in the previous month. Debt mutual funds witnessed substantial withdrawals, with net outflows soaring to ₹1,83,155.76 crore, up from ₹8,127.32 crore in August, a decline exceeding ₹1.75 lakh crore.

Liquid funds accounted for the largest outflows at ₹95,743.20 crore, while money market funds recorded outflows of ₹50,846.21 crore, reversing August inflows of ₹11,734.71 crore. The decline in net inflows may have been influenced by September's quarter-end, as companies and institutional investors typically adjust short-term investments to meet liquidity needs.

The disparity in trends indicates a persistent demand for equity investments alongside significant short-term redemptions from debt schemes.