Despite the month-on-month dip, SIP inflows continued to reflect sustained retail participation in equity-linked investments.
The moderation comes in a month when broader equity mutual fund inflows also saw some cooling, even as market participation remained broad-based across investor segments.
Commenting on broader flows, Umesh Sharma, CIO–Debt, The Wealth Company Mutual Fund, said investor behaviour continued to reflect a mix of sustained equity allocation and tactical shifts in debt.
“Equity-oriented schemes remained robust, with flexi cap, mid-cap, and small-cap funds leading inflows, signalling continued investor preference for growth opportunities across market segments,” he said.
He added that hybrid and diversified strategies also saw healthy participation, while debt flows were largely driven by short-term allocations.
“Hybrid schemes recorded net inflows of ₹20,565 crore, supported mainly by arbitrage and multi-asset allocation funds, highlighting growing interest in diversified and low-volatility strategies,” he noted.
Nitin Agrawal, CEO – Mutual Funds, InCred Money, further noted that flexi cap funds retained their dominant position with inflows of ₹10,147 crore, highlighting investor preference for strategies that allow flexibility across market capitalisation segments in a differentiated valuation environment.
He also pointed out that sectoral and thematic funds recorded relatively muted inflows of ₹1,949 crore, indicating a shift away from concentrated bets towards more diversified investment strategies.
First Published: May 11, 2026 3:58 PM IST
