Small-cap funds led SIP collections at ₹5,012 crore, followed by mid-cap and flexi-cap schemes, as four equity categories together garnered ₹16,096 crore
Market rebound and attractive smallcap and midcap returns, monthly net SIP additions hit a six-month high of 1.3 million, pushing total monthly contributions to a record ₹32,297 crore
Strong investor interest in mid-cap and small-cap funds lifted equity mutual fund inflows nearly 19 per cent from July, even as overall mutual fund inflows fell sharply
Flows via systematic investment plans, the preferred route for retail investors, marked a 1.1% increase in contributions to ₹32,297 crore ($3.39 billion) last month
Growth was largely driven by mark-to-market gains amid a rally in key global markets and rising investor interest in overseas schemes as domestic markets underperformed
The outflow came even as the Nifty 50 rose 2 per cent in July, supported by a sharp rally in information technology stocks, which recorded their best monthly gain in six years
The mutual fund industry had 278.6 million folios at the end of June, with Nippon India MF accounting for 14.4 per cent (40.2 million folios) of the total