Investments in mutual funds through Systematic Investment Plans (SIPs) hit a 22-month low of ₹7,831 crore in July amid market volatility.
Inflows through SIP have slowed down in the past four months but experts believe the route still continues to be the preferred one for retail investors to invest in mutual funds as it helps them reduce market timing risk.
Besides, equity mutual funds, which mainly depend on SIP for flows, saw a withdrawal of ₹2,480 crore, data from Association of Mutual Funds in India (Amfi) showed.