Equity fund inflows fall 9% to ₹37,113 crore in July, SIP book at record high

Open-ended equity mutual fund inflows fell 8.61 per cent to ₹37,113.39 crore during July owing to a fall in investments in large-cap and mid-cap funds, as per the data released by the Association of Mutual Funds of India (AMFI). Earlier, inflows into equity mutual funds surged by 17 per cent to ₹40,608.19 crore in June to a record high. Monthly gross systematic investment plan (SIP) inflows hit a fresh record high of ₹23,332 crore during July. These were at ₹21,262 crore in June.