India equity mutual fund inflows hit 5-month high in September despite Nifty slump
Total equity mutual fund inflows jumped about 31% month-on-month
In September, equity mutual fund inflows in India reached a five-month high of ₹38,307 crore ($4 billion), as domestic investors continued to purchase stocks despite the market underperforming relative to global counterparts in 2026. Total equity mutual fund inflows surged by approximately 31% month-over-month. Small-cap and mid-cap inflows experienced a 12% and 13% increase, with record monthly investments of ₹7,845 crore and ₹90.39 billion, respectively, according to data from the Association of Mutual Funds in India.
The steady domestic flows underscore the growing significance of retail and institutional investors in stabilizing Indian markets. While the Nifty 50 has declined by about 14.4% this year, the sustained Systematic Investment Plan (SIP) contributions and mutual-fund purchases have counterbalanced foreign selling and bolstered valuations, particularly in the broader market.
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- SIP inflows hit record ₹32,490 crore in September despite market fall thehindubusinessline.com