Indian mutual fund industry saw net systematic investment plan (SIP) flows exceed ₹29,500 crore in October, marking an all-time high and reflecting increased retail investor participation. Large-cap and mid-cap funds both reported strong upticks, with the total equity market AUM crossing ₹56 lakh crore. The trend underscores sustained investor confidence in long-term equity as inflation cools and growth outlook remains favourable. Fund houses noted inflows continued despite debt fund outflows. Analysts expect sustained SIP momentum if earnings remain robust and macro-stability holds.