Additions of 1.67 crore SIPs to mutual funds

Angel One, the second-largest contributor, added 15 lakh new SIPs during the quarter. Among traditional distributors, NJ IndiaInvest added 5.9 lakh, while SBI and HDFC Securities recorded 4.3 lakh and 3.8 lakh new SIPs, respectively. PhonePe, another digital-first platform, added approximately 5.9 lakh SIPs, largely concentrated in lower-ticket investments. The surge in SIP additions came despite continued volatility in the equity markets, with the benchmark Nifty 50 delivering mid-single-digit returns year-to-date. Nonetheless, retail investor interest in mutual funds remained strong. The industry saw total SIP inflows touch a record ₹27,269 crore in June 2025, continuing a steady month-on-month rise. SIP assets under management (AUM) stood at ₹15.3 lakh crore as of June 30, 2025, up from ₹12.4 lakh crore a year earlier.