Mumbai,jun 10
India’s mutual fund (MF) industry continued to witness strong retail participation in May 2026, with equity mutual funds attracting net inflows for the 63rd consecutive month and systematic investment plan (SIP) contributions remaining above the Rs 30,000 crore mark despite market volatility.According to data released by the Association of Mutual Funds in India (AMFI), the mutual fund industry’s net assets under management (AUM) stood at Rs 81.58 lakh crore in May 2026, marginally lower than Rs 81.92 lakh crore recorded in April.However, investor participation remained robust, with the industry adding 12.56 lakh net folios during the month, taking the total folio count to 27.66 crore.Equity mutual funds recorded net inflows of Rs 22,907 crore in May, extending the industry’s uninterrupted streak of positive equity inflows that began in March 2021.
SIP inflows remained a key growth driver, contributing Rs 30,953.83 crore during the month. SIP assets rose to Rs 17.12 lakh crore, accounting for nearly 21 per cent of the industry’s total AUM, while the number of contributing SIP accounts stood at 9.64 crore.Commenting on the trends, Feroze Azeez, Joint CEO of Anand Rathi Wealth, said the latest data reflects the growing maturity and resilience of Indian investors.”May 2026 AMFI data continues to show the strength of India’s equity participation story as actively managed equity funds saw net inflows of Rs 22,908 crore during the month, while active equity AUM crossed Rs 36.13 lakh crore,” Azeez said. He noted that retail investors have continued investing systematically despite fluctuations in the market.”What stands out more is the resilience of retail investors as SIP contributions remained above the Rs 30,000 crore mark at Rs 30,897 crore. Despite market volatility, SIP inflows in May 2026 were nearly 16 per cent higher than the same period last year.
