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India’s mutual fund industry reached a record Rs 85.76 lakh crore in assets during July 2026. A year earlier, assets stood at Rs 75.36 lakh crore. Franklin Templeton’s industry dashboard reported the figures. Equity funds, systematic investment plans, and passive products supported the expansion. Investor participation also increased outside India’s largest financial centres.
Meanwhile, JioBlackRock Asset Management plans to introduce ‘regular plans’ for eligible mutual fund schemes. Registered distributors will offer these plans to investors. The company currently sells only direct plans through its digital channels. Distributor commissions will add costs for investors choosing the new option.
Equity mutual fund assets reached about Rs 52.3 lakh crore in July. They stood at Rs 45.1 lakh crore one year earlier. Equity funds now represent 61% of India’s mutual fund industry. Their share stood at 59.9% during July 2025.
Equity schemes received Rs 24,697 crore in net inflows during the month. Small-cap funds attracted Rs 7,768 crore, while mid-cap funds received Rs 6,192 crore. Flexi-cap schemes recorded Rs 4,709 crore. Large and mid-cap funds added Rs 3,425 crore. Multi-cap funds drew another Rs 3,227 crore.
Individual investors hold about 87% of their mutual fund assets in equity-oriented schemes. Institutions place more money in liquid, debt, and money-market funds. Individual investor assets grew at a 23% annual rate over five years. Overall industry assets grew at a 19% rate.
Monthly SIP investments increased 12% from a year earlier to Rs 31,961 crore. July 2025 flows totalled Rs 28,464 crore. The number of SIP accounts rose 12.5% to 10.63 crore. New registrations reached 61.44 lakh during July.
The average monthly SIP contribution edged lower to Rs 3,007 from Rs 3,012. The dashboard linked higher account closures partly to inactive-account reconciliation. Registrars, transfer agents, and exchanges carried out that process.
Passive fund assets rose 24% to Rs 15.15 lakh crore. They totalled Rs 12.18 lakh crore one year earlier. Passive products now represent 18% of mutual fund assets. Their share stood at 15% in July 2022.
Domestic equity products accounted for 68.4% of passive assets. Commodity funds held 16.5%, while debt products represented 12.4%. International funds accounted for 2.5%. Passive schemes formed 37% of all mutual fund schemes, compared with 34% last year.
JioBlackRock will use registered distributors to sell its regular plans. Direct plans exclude distributor commissions and usually carry lower costs. Regular plans include those commissions within their expense structures. Investors can choose between the available distribution routes.
The company expects distributors to support complex and higher-value products. Managing Director and Chief Executive Sid Swaminathan previously identified special investment funds as products requiring adviser support. The strategy expands JioBlackRock’s reach beyond its digital-first model.
Jio Financial Services and BlackRock formed the asset management venture. JioBlackRock has gathered about Rs 18,000 crore in assets within a year. Its portfolio includes cash, debt-index, and active equity funds.
Earlier in August, the partners launched the JioBlackRock Nifty 50 ETF. The product marked their entry into India’s exchange-traded fund market. Meanwhile, mutual fund assets from B30 cities reached 19% of total industry assets in July. That share stood at 16% in December 2020.
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