Equity mutual fund assets in India reached a new high of ₹48.5 lakh crore in July, representing 56% of the mutual fund industry's overall Average Assets Under Management (AAUM), according to livemint.com. Systematic Investment Plans (SIPs) continued to stay above ₹30,000 crore, reflecting sustained investor interest in active equity schemes.
The growth in equity mutual funds was driven by strong inflows into active equity schemes, which have been gaining traction among investors. SIP contributions remained robust, consistently exceeding ₹30,000 crore, supporting the steady rise in assets. The data, reported by ANI and compiled by livemint.com, highlights the resilience of equity investments amid market fluctuations.
This milestone underscores the expanding role of equity mutual funds in India's investment landscape. With equity schemes now accounting for more than half of the total mutual fund AAUM, the sector is solidifying its position as a preferred investment avenue. The sustained SIP inflows demonstrate growing investor confidence, paralleling trends seen in previous years where equity funds have outperformed other asset classes.
The mutual fund industry's overall AAUM continues to grow, with equity schemes leading the charge. The next official AAUM data release, expected in September, will provide further insights into the sector's trajectory and investor behavior, as reported by livemint.com.