India’s mutual fund industry AUM reached an all-time high of ₹75.61 lakh crore in September 2025, up 12.7% year-on-year, as retail participation broadened. Monthly SIP inflows hit a record ₹29,361 crore, rising 20% YoY. Equity schemes remained dominant, while hybrid and arbitrage categories drew tactical allocations amid range-bound markets. Industry experts expect AUM growth to sustain on financialization trends, steady job markets, and expanding distributor networks into Tier-2/3 cities.