MF industry AUM hits record ₹82.22 lakh crore in June; SIP inflows touch all-time high: AMFI

India's mutual fund industry extended its growth momentum in June 2026, with assets under management (AUM) climbing to a record ₹82.22 lakh crore, supported by sustained equity inflows, record systematic investment plan (SIP) contributions, and continued retail participation.

Data released by the Association of Mutual Funds in India (AMFI) on Friday showed the industry's net AUM rose to ₹82.22 lakh crore in June from ₹81.58 lakh crore in May, while the average assets under management (AAUM) stood at ₹84.18 lakh crore. The industry also added 20.31 lakh mutual fund folios during the month, taking the total investor accounts to 27.86 crore from 27.66 crore in May.

According to the AMFI data, equity-oriented mutual funds registered their 64th consecutive month of net inflows, a streak that began in March 2021, indicating the resilience of domestic retail participation despite intermittent market volatility.

During the first half of calendar year 2026, net inflows into equity-oriented mutual funds stood at ₹1.81 lakh crore, about 12% higher than the ₹1.61 lakh crore recorded in the corresponding period of 2025.

SIP contributions hit record ₹31,781 crore

SIP contributions reached a fresh record of ₹31,781.20 crore in June, while SIP assets climbed to ₹17.70 lakh crore, accounting for around 21.5% of the mutual fund industry's total assets, the data showed. The number of contributing SIP accounts increased to 9.78 crore, highlighting the growing adoption of disciplined, long-term investing by retail investors.

Retail mutual fund AUM, comprising equity, hybrid and solution-oriented schemes, rose to ₹49.41 lakh crore during the month from ₹47.91 lakh crore in May. Retail folios also increased to 21.23 crore from 21.10 crore in the previous month.

The industry launched seven new schemes during June, mobilising ₹460 crore.

Meanwhile, the recently introduced Specialised Investment Fund (SIF) category continued to gain traction. SIF assets rose 29.3% month-on-month to ₹17,857.77 crore, while the category attracted net inflows of ₹3,782 crore, led by hybrid and equity-oriented investment strategies.

AMFI Chief Executive Venkat Chalasani said the industry continued its strong growth trajectory during the month.

"June marked positive equity inflows for the 64th consecutive month. SIP contributions touched a record ₹31,781 crore, reflecting growing investor confidence and the increasing adoption of disciplined, long-term investing. We are also encouraged by the sustained participation of investors in Specialised Investment Funds (SIFs)," he said.

According to Chalasani, AMFI remains focused on strengthening investor awareness and encouraging investors to remain committed to their long-term financial goals through mutual funds.

Analysts said the June numbers reflected a clear improvement in investor sentiment after softer inflows in May.

Data indicates renewed investor confidence, say analysts

Shashwat Singh, Fundamental Analyst at Bajaj Broking, said net inflows into actively managed equity funds rose 26.5% month-on-month to ₹28,973 crore from ₹22,908 crore in May, indicating renewed investor confidence.

He said the recovery was driven by broad-based participation across equity categories. Mid-cap funds led the inflows with ₹6,090 crore, followed by flexi-cap funds at ₹5,231 crore, while large-cap funds attracted ₹2,067 crore. Sectoral and thematic funds also witnessed a sharp rebound, with inflows more than doubling to ₹1,469 crore.

However, Singh noted that small-cap funds bucked the broader trend, with inflows easing to ₹5,602 crore from ₹6,264 crore in May. He also pointed out that debt mutual funds witnessed higher redemptions during the month, with net outflows widening to ₹1.09 lakh crore, largely due to redemptions from liquid fund categories.

Nehal Meshram, Senior Analyst at Morningstar Investment Research India, said the rebound in equity inflows demonstrates that investor confidence remains resilient despite global uncertainties and periodic market volatility.

Among equity categories, mid-cap and small-cap funds continued to attract the highest investor interest, mobilising ₹6,090 crore and ₹5,602 crore, respectively, during June. Flexi-cap funds and large & mid-cap funds also remained among investors' preferred choices, reflecting continued demand for diversified investment strategies, she said.

Meshram added that sectoral and thematic funds recovered during the month, signalling improving investor appetite for thematic opportunities. However, equity-linked savings schemes (ELSS) and dividend yield funds remained the only equity categories to witness net outflows, reflecting the growing adoption of the new tax regime, which has reduced the appeal of tax-saving investment products.

She also noted that the new fund offer (NFO) market remained subdued, with only one equity scheme launched during June, mobilising around ₹87 crore, suggesting investors preferred established schemes over new offerings.