New Delhi: Investment in equity mutual funds declined 9 percent month-on-month to Rs 37,113 crore in July. This decline was recorded due to a decrease in investment in large cap, small cap and mid cap categories. Despite the decline, the amount of net investment in July is the second largest investment in a month.

This is second only to the Rs 40,608 crore investment received in June. According to data released by the Association of Mutual Funds in India (AMFI) on Friday, this latest investment is the 41st consecutive month of net investment in equity funds.

Increase in monthly contribution in SIP

Monthly contributions to Systematic Investment Plans (SIPs) rose to an all-time high of Rs 23,332 crore in July from Rs 21,262 crore in the previous month. AMFI Chief Executive Venkat Chalasani said this reflects growing financial discipline among retail investors, helping them build wealth systematically over time.

Overall, the mutual fund industry witnessed inflows of Rs 1.9 lakh crore in the month under review, as against Rs 43,637 crore in June. This inflow was driven by investments in equity as well as debt schemes.

Industry will reach a new level

With these investments, the industry's net assets under management rose from Rs 61.15 lakh crore at the end of June to an all-time high of Rs 65 lakh crore at the end of July. Hitesh Thakkar, CEO of ITI Mutual Fund, said the industry will cross $1 trillion AUM and 100 million investors in the next three to four years.