The mutual fund industry witnessed robust growth in new Systematic Investment Plan (SIP) registrations during the quarter ended June 2025, with 1.67 crore SIP accounts added—a significant rise from 1.41 crore in the previous quarter. This surge highlights strong retail investor participation despite ongoing market volatility.
Groww emerged as the clear market leader, adding over 41.9 lakh new SIPs during the quarter and commanding a 25% market share. In June alone, Groww registered a record 15.7 lakh new SIPs, the highest monthly addition by any distributor in the segment. Value-wise, new SIPs on Groww’s platform during the quarter stood at ₹1,116 crore, reflecting a sharp 32% growth over the previous quarter.
Angel One secured the second position, contributing around 15 lakh new SIP registrations in the same period. Traditional distributors also performed well—NJ IndiaInvest added 5.9 lakh SIPs, while SBI and HDFC Securities recorded 4.3 lakh and 3.8 lakh new SIPs, respectively. Digital-first platform PhonePe contributed nearly 5.9 lakh SIPs, largely from lower-ticket investments.
SIP Inflows Hit Record Highs Amid Market Volatility
Despite the benchmark Nifty 50 delivering mid-single-digit returns year-to-date, retail investor interest in mutual funds remains resilient. Total SIP inflows hit a record ₹27,269 crore in June 2025, continuing a steady month-on-month increase. Meanwhile, SIP Assets Under Management (AUM) surged to ₹15.3 lakh crore as of June 30, 2025, up from ₹12.4 lakh crore a year ago.
Growing Investor Base and Rising AUM Reflect Shifting Investment Trends
The number of unique mutual fund investors in India climbed to 5.4 crore in 2025, marking a 20% increase from 4.5 crore in 2024 and a 42% jump from 3.8 crore in 2023. The industry’s total AUM reached a record ₹74.4 lakh crore in June 2025, an 18% rise from ₹63.2 lakh crore in the previous quarter.
What’s Driving This Growth?
Experts attribute this growth to a shift in investor mindset—retail investors are increasingly viewing mutual funds as a reliable tool for long-term wealth creation, moving away from traditional savings. The rise of digital-first platforms has enhanced accessibility and convenience, enabling more investors to participate systematically.
Additionally, investor education and awareness programs by the Association of Mutual Funds in India (AMFI) and various asset management companies have played a pivotal role in encouraging disciplined investing and boosting confidence in mutual funds.
Source: Moneycontrol