Capital markets

Mutual funds, SIPs, foreign investment, bonds and trading activity retain their own official release dates.

Investor accounts

Investor participation

India had 237.7 million demat accounts in August 2026

79.75 million accounts were active under SEBI’s 12-month definition, or 33.6% of the total.

NSDL and CDSL investor accounts237.7 million

August 2026

data.indiadispatch.com

Source: Securities and Exchange Board of India and National Securities Depository, India Dispatch Research

Mutual funds

Fund flows

Debt funds recorded net inflows of ₹1.9 trillion in July 2026

Equity funds recorded net inflows of ₹342.1 billion ($3.57 billion). Year-to-date comparisons cover the same months in each year.

Fund flows and assets
July 2026 · Flows and assets in ₹ and USD
CategoryLatest monthPrevious monthMoM2026 YTDLast year5 years agoAUM
Equity₹342.1 billion$3.57 billion₹422.1 billion$4.41 billion−19.0%₹2.8 trillion$29 billion₹2.5 trillion$25.9 billion₹666.1 billion$6.95 billion₹48.3 trillion$505 billion
SIP contributions₹319.6 billion$3.34 billion₹317.8 billion$3.32 billion+0.6%₹2.2 trillion$22.8 billion₹1.9 trillion$19.6 billion₹600 billion$6.26 billionNot reported
Other equity flows−₹72.6 billion−$758 million−₹28.1 billion−$293 millionOutflow widened−₹132.7 billion−$1.38 billion₹162.7 billion$1.7 billion−₹225.8 billion−$2.36 billionNot reported
ETFs₹95.1 billion$993 million₹132.4 billion$1.38 billion−28.1%₹721.8 billion$7.53 billion₹444.4 billion$4.64 billion₹291.9 billion$3.05 billion₹10 trillion$104 billion
Debt₹1.9 trillion$19.6 billion−₹1.1 trillion−$11.4 billionSwung to inflow₹509.5 billion$5.32 billion₹2.3 trillion$23.8 billion₹494.5 billion$5.16 billion₹19.3 trillion$202 billion
Short duration₹1.9 trillion$19.9 billion−₹972.7 billion−$10.2 billionSwung to inflow₹1.2 trillion$12.9 billion₹2.1 trillion$22.2 billion₹407.9 billion$4.26 billion₹14.9 trillion$156 billion
Medium and long duration−₹29.5 billion−$308 million−₹116.9 billion−$1.22 billionOutflow narrowed−₹717.3 billion−$7.49 billion₹157.3 billion$1.64 billion₹88.1 billion$919 million₹4.4 trillion$45.6 billion
Arbitrage₹65 billion$679 million₹58 billion$605 million+12.1%₹131.5 billion$1.37 billion₹554 billion$5.78 billion₹491.1 billion$5.12 billion₹2.9 trillion$30.4 billion
Balanced and multi-asset₹49.9 billion$521 million₹70.9 billion$740 million−29.7%₹551.6 billion$5.76 billion₹383.4 billion$4 billion₹106.5 billion$1.11 billion₹8.8 trillion$91.4 billion

data.indiadispatch.com

Source: Association of Mutual Funds in India, India Dispatch Research

Gold and silver funds

Gold and silver ETFs recorded net inflows of ₹28.4 billion in July 2026

Gold ETFs recorded net inflows of ₹15.6 billion ($163 million). Silver ETFs recorded net inflows of ₹12.8 billion ($134 million).

Gold and Silver ETFsMonthly net flows

₹ and USD

Gold ETFsSilver ETFs
Gold ETF folios12.53 million₹1.73 trillion · $18.1 billion in assets
Silver ETF folios5.38 million₹776.76 billion · $8.11 billion in assets

data.indiadispatch.com

Source: Association of Mutual Funds in India, India Dispatch Research

Discretionary equity flows

Investors withdrew an estimated ₹72.6 billion outside SIPs in July 2026

The estimate equals net flows into equity-oriented funds less industry-wide SIP contributions. The corresponding dollar value is $758 million.

Approximate lump-sum equity flowsDiscretionary money and market returns

−₹72.6 billion · −$758 million · 2.2%

Approximate flowNifty 50 monthly return
Bars: ₹ and USD, left scaleLine: monthly return, right scale

data.indiadispatch.com

Source: Association of Mutual Funds in India and National Stock Exchange, India Dispatch Research

Recurring investments

SIP churn

Indians stopped 91 SIPs in June 2026 for every 100 they opened

SIPs are standing monthly contributions into mutual funds. The comparison uses registrations and discontinuations through June 2026.

SIP accountsRegistrations and discontinuations

June 2026

April 2026
5.07 million new
5.13 million discontinued
101.1% stoppage ratio
May 2026
5.42 million new
5.17 million discontinued
95.5% stoppage ratio
June 2026
5.55 million new
5.06 million discontinued
91.2% stoppage ratio
Outstanding accounts105.16 million
Contributing accounts97.83 million
Did not contribute this month7.33 million
Monthly contribution₹317.81 billion$3.32 billion

SIP assets were ₹17.7 trillion ($185 billion) at the end of June 2026.

data.indiadispatch.com

Source: Association of Mutual Funds in India, India Dispatch Research

Cash-market trading

Equity-market activity

Mutual funds bought ₹379.8 billion more equities than they sold in August 2026

That net purchase equals $3.96 billion. Net is purchases less sales in the cash market.

Cash-market activity by investor group
August 2026 · Buy, sell and net in ₹ and USD
CategoryBuySellNet
Banks₹61.9 billion$646 million₹56.1 billion$586 million₹5.8 billion$60.6 million
Insurance companies₹457.9 billion$4.78 billion₹471.1 billion$4.92 billion−₹13.2 billion−$138 million
Mutual funds₹2.5 trillion$25.6 billion₹2.1 trillion$21.6 billion₹379.8 billion$3.96 billion
AIFs₹122.2 billion$1.28 billion₹134.8 billion$1.41 billion−₹12.5 billion−$131 million
PMS₹189.1 billion$1.97 billion₹181.1 billion$1.89 billion₹8 billion$83.9 million
Foreign institutional investors₹3.7 trillion$39 billion₹3.6 trillion$38 billion₹100.4 billion$1.05 billion
Retail₹9.3 trillion$96.8 billion₹9.3 trillion$97.3 billion−₹44.8 billion−$467 million
Others₹8.8 trillion$92.2 billion₹9.3 trillion$96.6 billion−₹423.5 billion−$4.42 billion

data.indiadispatch.com

Source: National Stock Exchange, India Dispatch Research

Foreign investment

Foreign investment

Foreign investors added ₹296.3 billion to equities and withdrew ₹14.6 billion from debt in August 2026

The equity move equals $3.09 billion. The debt move equals $152 million. The chart uses complete months reported by NSDL.

Foreign portfolio investmentMonthly net investment

₹ and USD

EquityDebtHybrid

data.indiadispatch.com

Source: National Securities Depository, India Dispatch Research

Foreign equity by sector

Foreign investors sent the most equity capital into financial services and withdrew the most from telecommunication in August 2026

₹104.9 billion ($1.1 billion) moved into financial services, while −₹49.8 billion (−$520 million) left telecommunication.

Foreign equity flow into consumer services

Monthly foreign equity flow₹84.17 billion$878 million

August 2026

data.indiadispatch.com

Largest inflows

SectorMonthly flowEquity AUC
Financial Services₹104.9 billion$1.1 billion₹21.2 trillion$221 billion
Consumer Services₹84.2 billion$878 million₹3 trillion$30.9 billion
Healthcare₹59.3 billion$619 million₹5.4 trillion$56.9 billion
Information Technology₹41 billion$428 million₹4 trillion$41.8 billion
Consumer Durables₹39 billion$407 million₹2 trillion$21 billion
Automobile and Auto Components₹31.1 billion$324 million₹5.5 trillion$57.2 billion

data.indiadispatch.com

Largest outflows

SectorMonthly flowEquity AUC
Telecommunication−₹49.8 billion−$520 million₹3.5 trillion$36.3 billion
Fast Moving Consumer Goods−₹19.2 billion−$200 million₹2.9 trillion$30.3 billion
Oil, Gas & Consumable Fuels−₹17.6 billion−$184 million₹4.6 trillion$47.7 billion
Power−₹15.5 billion−$162 million₹2.5 trillion$25.8 billion
Realty−₹5.9 billion−$62 million₹1.2 trillion$12.8 billion
Others−₹4.5 billion−$46.9 million₹655.9 billion$6.85 billion

data.indiadispatch.com

Source: National Securities Depository, India Dispatch Research

Derivatives

Equity derivatives

Proprietary desks accounted for 54.8% of reported equity-derivatives contracts in August 2026

Equity derivativesWho traded the contracts

August 2026

38.9%
6.1%
54.8%
Clients38.9%
Domestic institutions0.2%
Foreign institutions6.1%
Proprietary desks54.8%

Share of long and short contracts reported in NSE’s daily participant files. NSE publishes clients as one group, so retail and corporate activity are not split here.

data.indiadispatch.com

Source: National Stock Exchange, India Dispatch Research

Government bonds

Bond ownership

Funds and investment managers hold 50% of the government bonds fully open to foreigners

The Fully Accessible Route, or FAR, identifies central-government bonds foreign investors can buy without aggregate investment limits. The comparison is against July 2026.

Month-end Debt-FAR AUCWho owns the bonds

August 2026

₹3.4 trillion$35.1 billionheld under FAR
Central banks, sovereign funds and multilaterals21.4%
Government-related and pension funds16.2%
Banks and broker-dealers4.9%
Funds and investment managers49.6%
Corporates and family offices7%
Others0.8%

data.indiadispatch.com

One-month changeWho added FAR bonds

vs July 2026

Central banks, sovereign funds and multilaterals
−₹20.6 billion−$215 million
Government-related and pension funds
−₹2.9 billion−$30.5 million
Banks and broker-dealers
+₹6.1 billion+$64.1 million
Funds and investment managers
+₹17.1 billion+$179 million
Corporates and family offices
+₹3.7 billion+$38.1 million
Others
+₹620 million+$6.47 million

data.indiadispatch.com

Source: National Securities Depository and Clearing Corporation of India, India Dispatch Research

Bond maturities

79% of foreign holdings in fully accessible government bonds mature within ten years

Each bar is rebuilt from CCIL’s security-level holdings. Years to maturity are calculated from the bond’s stated maturity year.

CCIL indicative holdingsWhere the holdings mature

As of 26 September 2026

Years to maturity₹3.7 trillion · $38.1 billion total

data.indiadispatch.com

Source: National Securities Depository and Clearing Corporation of India, India Dispatch Research

Bond supply

The RBI absorbed 78% of new government bond supply in 2025–26

Holdings are reconstructed from RBI’s fiscal year-end ownership shares and the outstanding stock of central-government dated securities.

Government bond supplyWho absorbed the net increase

Share of net government bond supply

2021–222022–232023–242024–252025–26

Flows are the change in each investor group’s holdings between fiscal year ends. The denominator is the change in total central-government dated securities outstanding.

data.indiadispatch.com

Source: Reserve Bank of India, India Dispatch Research

Pensions

Pension capital

India’s national pension system held ₹1.88 trillion in equity assets in August 2026

That is $19.7 billion, or 3.3 times ₹563.2 billion in August 2023. The National Pension System is India’s government-regulated, market-linked retirement system.

National Pension SystemAssets held in equity schemes

₹1.88 trillion · $19.7 billion

The chart shows assets held at month-end. It does not treat changes in market value as investment flows.

data.indiadispatch.com

Source: Pension Fund Regulatory and Development Authority, India Dispatch Research