SIP inflow crosses Rs 28,000 crore in July
In July, SIPs continued to break records for the fourth month in a row, with inflows reaching Rs 28,464 crore and 91.1 million accounts contributing. Equity schemes also saw a record high of Rs 42,702 crore in inflows, while the AUM for SIPs reached Rs 15.19 lakh crore. Despite market challenges, overall AUM grew by 1.3%. Thematic and smaller-cap funds saw a surge in inflows, signaling a