Mutual Fund Folios crossed an all-time high at 13.55 crores (13,55,73,653) and Retail Folios too were at an all-time high at 10.80 crores (10,80,29,061) in July.

The number of SIP accounts stood at an all-time high in July 2022 at 5,61,94,348 (5.61 crores) and Monthly SIP contribution strongly held at Rs 12,140 crores.

“The trend of strong inflows into equity mutual funds continues despite the higher volatility seen in recent months. FII flows also turned positive in July for the first time in ten months. This augurs well for the Indian equity markets in the near term,” said Arun Kumar, Head of Research, FundsIndia.

AMFI said that all open-ended Growth/Equity Oriented Schemes, Income/Debt Oriented schemes, Index Funds, ETFs FoFs and Gold ETFs, witnessed positive Net Flows at a combined Rs 28,098.89 crores during July 2022.

Commenting on the increasing investors’ interest in mutual funds, N S Venkatesh, Chief Executive, AMFI, said “Continued retail investor interest, as reflected in all-time SIP AUMs, crossing Rs 6 lakh crores milestone for the first time ever, and also continued monthly SIP contribution of over Rs 12,000 crore, reinforces Mutual Funds as a preferred investment avenue. Positive flows in almost all categories of Mutual Fund schemes barring hybrid funds, stand in good stead as economic recovery would pace up in the next few quarters.”