Record SIP Inflows Hit ₹32,087 Cr in March: AMFI Data

Indian mutual funds recorded an unprecedented ₹32,087 crore in Systematic Investment Plan (SIP) inflows during March 2026, signaling strong investor confidence in disciplined wealth creation. This surge occurred even as the industry’s net Assets Under Management (AUM) saw a decline to ₹73,73,376.98 crores from ₹82,02,956.35 crores in February 2026.

Key March 2026 Figures

• Overall Net AUM: ₹73,73,376.98 crores
• Record SIP Inflows: ₹32,087 crore
• Net Equity Inflows: ₹40,450 crore
• Debt Fund Outflows: ₹2.94 lakh crore

Navneet Munot, MD and CEO of HDFC AMC, highlighted that the consistent SIP trend reinforces the deepening trust of Indian investors in systematic wealth creation. This also strengthens India’s capital markets, reflecting increasing investor maturity despite global geopolitical developments.

Equity Inflow Dynamics

Net equity inflows remained robust at ₹40,450 crore in March, a significant increase from ₹25,978 crore in February. This resilience was observed despite a volatile month, as investors capitalized on market fluctuations to boost their equity allocations.

• Pankaj Shrestha, Head of Investment Services at PL Wealth Management, noted this demonstrates strong conviction in India’s long-term equity narrative.
• Karthick Jonagadla of Quantace Research added that domestic flows are acting as an active shock absorber against global stress.
• Flexi-cap, index funds, mid-cap, and small-cap funds attracted significant inflows during this period.

Debt Funds See Outflows

Conversely, debt mutual funds experienced substantial net outflows of ₹2.94 lakh crore in March, reversing the inflows recorded in February. Sanjay Agarwal, Senior Director at CareEdge Ratings, attributed these outflows primarily to quarter-end institutional and treasury-related adjustments.

These adjustments were concentrated in liquid and short-term fund categories, indicating they do not represent a fundamental shift in investor sentiment. Gold ETFs also saw a moderation in inflows, although investor interest in the precious metal broadly remains intact.

New Offerings and Hybrid Performance

The mutual fund industry launched 24 new fund offerings (NFOs) in March 2026, mobilizing ₹3,985 crore. Passive funds and thematic funds accounted for significant shares of these new offerings.

Juzer Gabajiwala, Director at Ventura, suggested that FY27 might prove favorable for debt funds. Hybrid funds, particularly multi-asset funds, performed well as investors sought more conservative exposures, including gold, amidst the market environment.