Indian mutual funds hit a new all-time high: aggregate Assets Under Management reached ₹75.61 lakh crore as of September. Equity funds dominated the growth, contributing the bulk of new capital flows. Analysts highlight that the surge reflects growing retail participation and confidence in equities. While debt funds saw some outflows due to tax and interest rate sensitivities, equity and hybrid schemes continued to attract money. The milestone underscores the deepening of India’s capital markets.