India’s mutual fund industry’s total assets under management (AUM) rose 11.2% month-on-month to ₹81.92 lakh crore in April 2026, compared with ₹73.73 lakh crore in March, driven by strong equity inflows, sustained SIP contributions and mark-to-market gains.

According to data released by Association of Mutual Funds in India (AMFI), average assets under management (AAUM) for the month stood at ₹81.94 lakh crore.

Equity mutual funds extended their winning streak, recording the 62nd consecutive month of positive inflows since March 2021. Equity inflows stood at ₹38,440 crore in April, although they were about 5% lower than the ₹40,450 crore recorded in March 2026. The AUM of equity mutual funds increased to ₹35.74 lakh crore in April from ₹31.98 lakh crore in the previous month.

Net inflows stand at ₹3.22 lakh crore in April

Overall, the mutual fund industry recorded net inflows of ₹3.22 lakh crore during April, sharply reversing the net outflow of ₹2.40 lakh crore seen in March. The turnaround was largely led by strong inflows into debt-oriented schemes and improved investor participation across categories at the start of the new financial year.

Debt mutual funds witnessed a sharp rebound during the month, attracting net inflows of ₹2.47 lakh crore, primarily driven by liquid funds, overnight funds and other short-duration schemes.

“The MF industry’s growth continues to be powered by robust SIP inflows, which stood at ₹31,115 crore in April. The number of contributing SIP accounts remained steady at 9.65 crore, underlining the growing trust in mutual funds as a disciplined investment vehicle,” said Venkat Chalasani.

“With India’s economic fundamentals remaining strong, we remain optimistic about investors continuing their journey towards achieving their financial goals and long-term wealth creation,” he added.

SIPs remained a key driver

Systematic investment plans (SIPs) remained a key driver of industry growth. SIP assets rose to ₹16.85 lakh crore in April, accounting for nearly 20.6% of the mutual fund industry’s total AUM. Monthly SIP contributions stood at ₹31,115.41 crore, down 3% MoM, while the number of contributing SIP accounts remained robust at 9.65 crore.

The mutual fund industry continued to witness strong retail participation during the month, with total folios rising to 27.53 crore as of April-end, reflecting a net addition of 13.77 lakh folios over March.

As per the data, retail mutual fund folios across equity, hybrid and solution-oriented schemes climbed to 21 crore in April from 20.83 crore in March, while retail AUM in these categories stood at ₹47.41 lakh crore.

The industry also saw fresh product launches during the month, with 11 new schemes collectively mobilising ₹828 crore.

Meanwhile, the specialised investment fund (SIF) segment continued to gain traction. SIF assets increased 16.1% month-on-month to ₹12,329 crore in April, while the category recorded net inflows of ₹1,218.68 crore, led by hybrid and equity-oriented investment strategies.