New Delhi, Oct. 13 -- Rising systematic investment plan (SIP) inflows are swelling mutual funds' investible pools, but a crowded primary market is leaving them competing for a narrower set of large, high-conviction deals.

According to data from the Association of Mutual Funds in India (Amfi), SIP contributions hit a record Rs.32,490 crore in September, while equity mutual fund inflows rose 30.6% month-on-month.

SIP inflows hit an all-time high of Rs.32,297 crore in August as well. In FY26, SIP contributions rose 20.8% year-on-year to Rs.3.50 trillion.

"Because of the market outlook, geopolitical instability, the war and other factors, a lot of investors held back cash for a while," said Amit Ramchandani, CEO and head of investment bank...